persons, to ensure accountability and dem-
onstrated results.
(C) LIMITATION.—Not more than 25 per-
cent of the amounts available to the Secretary
from the special account in any fiscal year (de-
termined without taking into account amounts
deposited under subsection (g)(4)) may be used
in any fiscal year for the purposes described in
subparagraph (A)(ii).
(f) INVESTMENT OF SPECIAL ACCOUNT.—All funds
deposited as principal in the special account shall earn in-
terest in the amount determined by the Secretary of the
Treasury on the basis of the current average market yield
on outstanding marketable obligations of the United
States of comparable maturities. Such interest shall be
added to the principal of the account and expended ac-
cording to the provisions of subsection (e)(3).
(g) AIRPORT ENVIRONS OVERLAY DISTRICT LAND
TRANSFER.—Upon request of Clark County, Nevada, the
Secretary shall transfer to Clark County, Nevada, without
consideration, all right, title, and interest of the United
States in and to the lands identified in the Agreement,
subject to the following:
(1) Valid existing rights.
(2) Clark County agrees to manage such lands
in accordance with the Agreement and with section
47504 of title 49, United States Code (relating to
airport noise compatibility planning), and regula-
tions promulgated pursuant to that section.
(3) Clark County agrees that if any of such
lands are sold, leased, or otherwise conveyed or
leased by Clark County, such sale, lease, or other
conveyance shall contain a limitation which requires
uses compatible with the Agreement and such Air-
port Noise Compatibility Planning provisions.
(4) Clark County agrees that if any of such
lands are sold, leased, or otherwise conveyed by
Clark County, such lands shall be sold, leased, or
otherwise conveyed for fair market value. Clark
County shall contribute 85 percent of the gross pro-
ceeds from the sale, lease, or other conveyance of
such lands directly to the special account. If any of
such lands sold, leased, or otherwise conveyed by
Clark County are identified on the map referenced
in section 2(a) of the Act entitled ‘‘An Act to pro-
vide for the orderly disposal of certain Federal lands
in Nevada and for the acquisition of certain other
lands in the Lake Tahoe Basin, and for other pur-
poses’’, approved December 23, 1980 (94 Stat.
3381; commonly known as the ‘‘Santini-Burton
Act’’), the proceeds contributed to the special ac-
count by Clark County from the sale, lease, or other
conveyance of such lands shall be used by the Sec-
retary of Agriculture to acquire environmentally sen-
sitive land in the Lake Tahoe Basin pursuant to sec-
tion 3 of the Santini-Burton Act. Clark County shall
contribute 5 percent of the gross proceeds from the
sale, lease, or other conveyance of such lands di-
rectly to the State of Nevada for use in the general
education program of the State, and the remainder
shall be available for use by the Clark County De-
partment of Aviation for the benefit of airport devel-
opment and the Noise Compatibility Program.
SEC. 5. ACQUISITIONS.
(a) ACQUISITIONS.—
(1) DEFINITION.—For purposes of this sub-
section, the term ‘‘environmentally sensitive land’’
means land or an interest in land, the acquisition of
which the United States would, in the judgment of
the Secretary or the Secretary of Agriculture—
(A) promote the preservation of natural,
scientific, aesthetic, historical, cultural, water-
shed, wildlife, and other values contributing to
public enjoyment and biological diversity;
(B) enhance recreational opportunities and
public access;
(C) provide the opportunity to achieve bet-
ter management of public land through consoli-
dation of Federal ownership; or
(D) otherwise serve the public interest.
(2) IN GENERAL.—After the consultation proc-
ess has been completed in accordance with para-
graph (3), the Secretary may acquire with the pro-
ceeds of the special account environmentally sen-
sitive land and interests in environmentally sensitive
land. Lands may not be acquired under this section
without the consent of the owner thereof. Funds
made available from the special account may be used
with any other funds made available under any other
provision of law.
(3) CONSULTATION.—Before initiating efforts
to acquire land under this subsection, the Secretary
or the Secretary of Agriculture shall consult with the
State of Nevada and with local government within
whose jurisdiction the lands are located, including
appropriate planning and regulatory agencies, and
with other interested persons, concerning the neces-
sity of making the acquisition, the potential impacts
on State and local government, and other appro-
priate aspects of the acquisition. Consultation under
this paragraph is in addition to any other consulta-
tion required by law.
(b) ADMINISTRATION.—On acceptance of title by the
United States, land and interests in land acquired under
this subsection that is within the boundaries of a unit of
the National Forest System, National Park System, Na-
tional Wildlife Refuge System, National Wild and Scenic
Rivers System, National Trails System, National Wilder-
ness Preservation System, any other system established by
Act of Congress, or any national conservation or national
recreation area established by Act of Congress—
(1) shall become part of the unit or area with-
out further action by the Secretary or Secretary of
Agriculture; and
(2) shall be managed in accordance with all
laws and regulations and land use plans applicable
to the unit or area.
(c) DETERMINATION OF FAIR MARKET VALUE.—The
fair market value of land or an interest in land to be ac-
quired by the Secretary or the Secretary of Agriculture
under this subsection shall be determined pursuant to sec-
tion 206 of the Federal Land Policy and Management Act
of 1976 and shall be consistent with other applicable re-
quirements and standards. Fair market value shall be de-
termined without regard to the presence of a species listed
as threatened or endangered under the Endangered Spe-
cies Act of 1973 (16 U.S.C. 1531 et seq.).
(d) PAYMENTS IN LIEU OF TAXES.—Section 6901(1)
of title 31, United States Code, is amended as follows:
(1) By striking ‘‘or’’ at the end of subpara-
graph (F).
(2) By striking the period at the end of sub-
paragraph (G) and inserting ‘‘; or’’.
(3) By adding at the end the following:
‘‘(H) acquired by the Secretary of the Inte-
rior or the Secretary of Agriculture under sec-
tion 5 of the Southern Nevada Public Land
Management Act of 1997 that is not otherwise
described in subparagraphs (A) through (G).’’.
SEC. 6. REPORT.
The Secretary, in cooperation with the Secretary of
Agriculture, shall submit to the Committee on Energy and
Natural Resources of the Senate and the Committee on
Resources of the House of Representatives an annual re-
port on all transactions under this section.
SEC. 7. RECREATION AND PUBLIC PURPOSES ACT.
(a) TRANSFER OF REVERSIONARY INTEREST.—
(1) IN GENERAL.—Upon request by a grantee
of lands within Clark County, Nevada, that are sub-
(k) AFFORDABLE HOUSING.—The Secretary, in con-
sultation with the Secretary of Housing and Urban Devel-
opment, may make available, in accordance with section
203 of the Federal Land Planning and Management Act
of 1976, land in the State of Nevada at less than fair
market value and under other such terms and conditions
as he may determine for affordable housing purposes.
Such lands shall be made available only to State or local
governmental entities, including local public housing au-
thorities. For the purposes of this subsection, housing
shall be considered to be affordable housing if the housing
serves low income families as defined under the Cranston-
Gonzalez National Affordable Housing Act (42 U.S.C.
12701 et. seq.).
SEC. 8. BOUNDARY MODIFICATION OF RED ROCK CANYON
NATIONAL CONSERVATION AREA.
Section 3(a)(2) of the Red Rock Canyon National
Conservation Area Establishment Act of 1990 (16 U.S.C.
460ccc–1(a)(2)) is amended to read as follows:
‘‘(2) The conservation area shall consist of approxi-
mately 195,780 acres as generally depicted on the map
entitled ‘Red Rock Canyon National Conservation Area
Administrative Boundary Modification’, dated August 8,
1996.’’.
Passed the House of Representatives April 23, 1997.
Attest:
Clerk.