(iii) using a combination of the meth-
ods described in clauses (i) and (ii), as the 
Secretary and the County determine to be 
appropriate. 
(B)
DISPOSITION
AND
USE
OF
PRO-
CEEDS.— 
(i) DISPOSITION OF PROCEEDS.—Any 
cash equalization payment received by the 
Secretary under subparagraph (A)(i) shall 
be deposited in the fund established by 
Public Law 90–171 (commonly known as 
the ‘‘Sisk Act’’) (16 U.S.C. 484a). 
(ii) USE OF PROCEEDS.—Amounts de-
posited under clause (i) shall be available 
to the Secretary, without further appro-
priation, for the acquisition of land or in-
terests in lands in Colorado for addition to 
the National Forest System. 
(d) CONDITIONS ON CERTAIN CONVEYANCES.— 
(1) CONDITIONS ON CONVEYANCE OF CRYSTAL 
RIVER PARCEL.— 
(A) IN GENERAL.—The Secretary of the 
Interior shall not convey to the County the par-
cel of land described in section 3(3)(C) until the 
County grants to the Aspen Valley Land Trust, 
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the Roaring Fork Conservancy, or any other en-
tity acceptable to the Secretary of the Interior 
and the County, a permanent conservation ease-
ment to the parcel, the terms of which— 
(i)(I) provide public access to the par-
cel; and 
(II) require that the parcel shall be 
used only for recreational, fish and wildlife 
conservation, and open space purposes; 
and 
(ii) are acceptable to the Secretary of 
the Interior. 
(B) REVERSION.—In the deed of convey-
ance that conveys the parcel of land described 
in section 3(3)(C) to the County, the Secretary 
of the Interior shall provide that title to the 
parcel shall, at the discretion of the Secretary 
of the Interior, revert to the United States at 
no cost to the United States if— 
(i) the parcel is used for a purpose 
other than that described in subparagraph 
(A)(i)(II); or 
(ii) the County or the entity holding 
the conservation easement elect to dis-
continue administering the parcel. 
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(2) CONDITIONS
ON
CONVEYANCE
OF
WILD-
WOOD PARCEL.—In the deed of conveyance of the 
parcel described in section 3(3)(A) to the County, or 
at the request of the County, to the Aspen Valley 
Land Trust, the Secretary shall, as determined ap-
propriate by the Secretary in consultation with the 
County, reserve to the United States a permanent 
easement to the parcel for the location, construction 
and public use of the East of Aspen Trail. 
SEC. 6. MISCELLANEOUS PROVISIONS. 
(a) INCORPORATION, MANAGEMENT, AND STATUS OF 
ACQUIRED LAND.— 
(1) IN GENERAL.—Land acquired by the Sec-
retary under this Act shall become part of the White 
River National Forest. 
(2) MANAGEMENT.—On acquisition, land ac-
quired by the Secretary under this Act shall be ad-
ministered in accordance with the laws (including 
rules and regulations) generally applicable to the 
National Forest System. 
(3) LAND AND WATER CONSERVATION FUND.— 
For purposes of section 7 of the Land and Water 
Conservation Fund Act of 1965 (16 U.S.C. 460l–9), 
the boundaries of the White River National Forest 
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shall be deemed to be the boundaries of the White 
River National Forest as of January 1, 1965. 
(b) REVOCATION OF ORDERS AND WITHDRAWAL.— 
(1) REVOCATION OF ORDERS.—Any public or-
ders withdrawing any of the Federal land from ap-
propriation or disposal under the public land laws 
are revoked to the extent necessary to permit dis-
posal of the Federal land. 
(2) WITHDRAWAL OF FEDERAL LAND.—On the 
date of enactment of this Act, if not already with-
drawn or segregated from entry and appropriation 
under the public land laws (including the mining and 
mineral leasing laws) and the Geothermal Steam Act 
of 1970 (30 U.S.C. 1001 et seq.), the Federal land 
is withdrawn, subject to valid existing rights, until 
the date of the conveyance of the Federal land to the 
County. 
(3) WITHDRAWAL OF NON-FEDERAL LAND.— 
On acquisition of the non-Federal land by the Sec-
retary, the non-Federal land is permanently with-
drawn from all forms of appropriation and disposi-
tion under the public land laws (including the min-
ing and mineral leasing laws) and the Geothermal 
Steam Act of 1970 (30 U.S.C. 1001 et seq.). 
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(c) BOUNDARY ADJUSTMENTS.—The Secretary with 
jurisdiction over the land and the County may agree to— 
(1) minor adjustments to the boundaries of the 
Federal land and non-Federal land parcels; and 
(2) modifications or deletions of parcels and 
mining claim remnants of Federal land or non-Fed-
eral land to be exchanged on Smuggler Mountain. 
(d) MAP.—If there is a discrepancy between a map, 
acreage estimate, and legal or other description of the land 
to be exchanged under this Act, the map shall prevail un-
less the Secretary with jurisdiction over the land and the 
County agree otherwise. 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Pitkin County Land 
Exchange Act of 2006’’. 
SEC. 2. PURPOSE. 
The purpose of this Act is to authorize, direct, expedite, 
and facilitate the exchange of land between the United 
States, Pitkin County, Colorado, and the Aspen Valley 
Land Trust. 
SEC. 3. DEFINITIONS. 
In this Act: 
(1) ASPEN VALLEY LAND TRUST.— 
(A) IN GENERAL.—The term ‘‘Aspen Valley 
Land Trust’’ means the Aspen Valley Land 
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