(ii) the obligation of the Town to pay 
the United States under subparagraph (A) 
shall be reduced by the amount of the 
credit. 
SEC. 6. APACHE LEAP NATURAL AND CULTURAL RE-
SOURCE CONSERVATION EASEMENT. 
(a) IN GENERAL.—In recognition of the area’s im-
portance to Apache and Yavapai Indian tribes and other 
members of the public, and in order to permanently pro-
tect the scenic, cultural, historic, educational and natural 
resource values of the Apache Leap Escarpment, as a con-
dition of the land exchange under section 4(a), Resolution 
Copper shall deliver to the Secretary an executed docu-
ment reviewed by, and acceptable to, the Secretary which 
grants a permanent conservation easement to the ease-
ment area to one or more of the following grantees— 
(1) a qualified unit of government or Indian 
tribe; or 
(2) a land trust or other qualified organization 
as defined in section 170(h) of the Internal Revenue 
Code of 1986. 
(b) EASEMENT AREA.—The area of the conservation 
easement under this section shall be the surface estate of 
Apache Leap, comprising approximately 695 acres, as 
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generally depicted on the map referenced in section 3(1) 
of this Act. 
(c) TERMS.—The conservation easement under this 
section shall— 
(1) prohibit surface development of the ease-
ment area by Resolution Copper, except for a fence, 
sign, monitoring device or instrument, or other im-
provement for an administrative, public health and 
safety, or other appropriate purpose, as determined 
by Resolution Copper and the grantee or grantees; 
(2) prohibit commercial mineral extraction 
under the easement area; 
(3) provide for appropriate non-motorized pub-
lic access to and use of the easement area, as deter-
mined by the grantee or grantees; and 
(4) may contain such other terms and condi-
tions as the grantor and grantee or grantees, after 
consultation with interested Apache and Yavapai In-
dian tribes, the Town, the Secretary, and other in-
terested parties, may determine appropriate to con-
serve, protect, enhance and manage the cultural and 
historic resources of the area, and traditional uses of 
the easement area by Apache and Yavapai Indian 
tribes. 
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(d) ADDITIONAL PROTECTIONS AND ACCESS.—Not 
later than 3 years after the date of the conveyance of the 
Federal land under section 4(a), Resolution Copper and 
the grantee or grantees, in consultation with interested 
Apache and Yavapai Indian tribes, the Town, the Sec-
retary, and other interested parties, shall determine 
whether the area covered by the conservation easement 
should be managed to establish additional cultural and 
historic resource protections or measures, including per-
manent or seasonal closures of a portion or portions of 
the easement area to protect cultural and archeological re-
sources, or for the establishment of additional, or alter-
native to existing, public access routes, trails, and 
trailheads to Apache Leap. 
(e) EASEMENT AND APPRAISAL.— 
(1) IN GENERAL.—The requirement that Reso-
lution Copper grant the conservation easement 
under this section shall not be considered in deter-
mining, or result in any diminution in, the market 
value of the Federal land for purposes of an ap-
praisal under section 5. 
(2) EFFECT.—The market value of the con-
servation easement and any amount paid by Resolu-
tion Copper under subsection (d)(2) shall be consid-
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ered to be a donation by Resolution Copper to the 
United States . 
(f) MINING ACTIVITIES.—Except as provided in sub-
section (c) and other Federal law (including regulations) 
applicable to mining activities on private land, the con-
servation easement shall not impose any additional restric-
tions on mining activities carried out by Resolution Copper 
outside the easement area after the date of conveyance 
under section 4(a). 
(g) ROLE OF SECRETARY.—Unless otherwise agreed 
by the Secretary and Resolution Copper, the Secretary 
shall be consulted during preparation and drafting of the 
conservation easement and during the follow-up process 
set forth in section 6(d), but need not be— 
(1) a party to the conservation easement under 
this section; or 
(2) involved in monitoring or enforcement of 
the conservation easement. 
(h) ADDITIONAL MANAGEMENT.—In order to provide 
protection for the full length of the Apache Leap escarp-
ment, the Secretary shall additionally manage the approxi-
mately 45 acres depicted as ‘‘the Notch’’ area on the map 
referenced in section 3(1) in a manner consistent with the 
conservation easement provisions of this section. 
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(i) CONSERVATION EASEMENT ENDOWMENT.—As a 
condition of the land exchange under this Act, Resolution 
Copper shall pay to the conservation easement grantee or 
grantees under this Section the sum of $250,000, which 
shall be used by the grantee or grantees for easement 
monitoring, enforcement or other administration, or for 
providing such additional protections, access or alternative 
access as may be determined appropriate pursuant to sub-
section (d). 
SEC. 7. INCORPORATION, MANAGEMENT, AND STATUS OF 
ACQUIRED LAND. 
(a) LAND ACQUIRED BY THE SECRETARY.— 
(1) IN GENERAL.—Land acquired by the Sec-
retary under this Act, including any land or interest 
in land purchased by the Secretary pursuant to Sec-
tion 4(b)(3), shall— 
(A) become part of the National Forest 
within which the land is located; and 
(B) be administered with emphasis on pro-
tecting or enhancing its conservation values in 
accordance with the laws (including regulations) 
applicable to the National Forest System. 
(2) BOUNDARIES.—For purposes of section 7 of 
the Land and Water Conservation Fund Act of 1965 
(16 U.S.C. 4601 et seq.), the boundaries of a Na-
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