H. R. 409—2
corrections to the legal descriptions of the Federal land 
and non-Federal land. 
(B) MODIFICATIONS.—The Secretary and the owner of 
the non-Federal land may agree to make minor modifica-
tions to the legal descriptions if the modifications do not 
affect the overall value of the exchange by more than 
5 percent. 
(b) VALUATION OF LAND TO BE CONVEYED.—For purposes of 
this section, during the period referred to in subsection (a)(1)—
(1) the value of the non-Federal land shall be considered 
to be $200,000; and 
(2) the value of the Federal land shall be considered to 
be $250,000. 
(c) ADMINISTRATION OF LAND ACQUIRED BY UNITED STATES.—
On acquisition by the Secretary, the Secretary shall manage the 
non-Federal land in accordance with—
(1) the Act of March 1, 1911 (commonly known as the 
‘‘Weeks Act’’) (16 U.S.C. 480 et seq.); and 
(2) any other laws (including regulations) applicable to 
the National Forest System. 
(d) CONDITIONS
ON CONVEYANCE
OF FEDERAL LAND.—The 
conveyance by the Secretary under subsection (a) shall be subject 
to the conditions that—
(1) the recipient of the Federal land convey all 160 acres 
of the Federal land to the Council not later than 120 days 
after the date on which the recipient receives title to the Federal 
land; 
(2) in accordance with section 4(a), the Secretary grant 
to the owner of Project No. 67 an easement; and 
(3) in accordance with section 4(b), the owner of Project 
No. 67 has the right of first refusal regarding any reconveyance 
of the Federal land by the Council. 
(e) DISPOSITION
AND USE
OF CASH EQUALIZATION FUNDS.—
(1) IN
GENERAL.—The Secretary shall deposit the cash 
equalization payment received under subsection (a)(1) in the 
fund established by Public Law 90–171 (commonly known as 
the ‘‘Sisk Act’’) (16 U.S.C. 484a). 
(2) USE.—Amounts deposited under paragraph (1) shall 
be available to the Secretary until expended, without further 
appropriation, for the acquisition of land and any interests 
in land for the National Forest System in the State of Cali-
fornia. 
(f) COST COLLECTION FUNDS.—
(1) IN GENERAL.—The owner of the non-Federal land shall 
pay to the Secretary all direct costs associated with processing 
the land exchange under this section. 
(2) COST COLLECTION ACCOUNT.—
(A) IN GENERAL.—Any amounts received by the Sec-
retary under paragraph (1) shall be deposited in a cost 
collection account. 
(B) USE.—Amounts deposited under subparagraph (A) 
shall be available to the Secretary until expended, without 
further appropriation, for the costs associated with the 
land exchange. 
(C) REFUND.—The Secretary shall provide to the owner 
of the non-Federal land a refund of any amounts remaining 
in the cost collection account after completion of the land
H. R. 409—3
exchange that are not needed to cover expenses of the 
land exchange. 
(g) 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 Sierra National Forest 
shall be considered to be the boundaries of the Sierra National 
Forest as of January 1, 1965. 
SEC. 4. GRANT OF EASEMENT AND RIGHT OF FIRST REFUSAL. 
In accordance with the agreement entered into by the Forest 
Service, the Council, and the owner of Project No. 67 entitled 
the ‘‘Agreement to Convey Grant of Easement and Right of First 
Refusal’’ and executed on April 17, 2006—
(1) the Secretary shall grant an easement to the owner 
of Project No. 67; and 
(2) the Council shall grant a right of first refusal to the 
owner of Project No. 67. 
SEC. 5. EXERCISE OF DISCRETION. 
In exercising any discretion necessary to carry out this Act, 
the Secretary shall ensure that the public interest is well served. 
SEC. 6. GRANTS TO IMPROVE THE COMMERCIAL VALUE OF FOREST 
BIOMASS 
FOR 
ELECTRIC 
ENERGY, 
USEFUL 
HEAT, 
TRANSPORTATION FUELS, AND OTHER COMMERCIAL PUR-
POSES. 
Section 210(d) of the Energy Policy Act of 2005 (42 U.S.C. 
15855(d)) is amended by striking ‘‘$50,000,000 for each of the fiscal 
years 2006 through 2016’’ and inserting ‘‘$50,000,000 for fiscal 
year 2006 and $35,000,000 for each of fiscal years 2007 through 
2016’’.
Speaker of the House of Representatives.
Vice President of the United States and
President of the Senate.