HR 873 IH
in interest, shall be inclusive of the entire surface and sub-
surface estates without reservation or exception. The
owner shall be required to reacquire any outstanding inter-
est in mineral or mineral rights, timber or timber rights,
water or water rights, or any other outstanding interest
in the property, except reservations by the United States
or the State of Montana by patent, in order to assure that
title to the property is transferred as described in this sec-
tion and sections 4, 5, and 6. The agreement shall clearly
evidence that the owners have the legal capacity to accom-
plish the foregoing requirements. Title standards for ac-
quisition shall otherwise be in compliance with Forest
Service policies and procedures.
(i) REFERENCES.—The reference and authorities of
this section referring to Plum Creek Timber Company,
L.P., shall also refer to its successors.
SEC. 4. LAND CONSOLIDATION; PORCUPINE AREA.
(a) IN GENERAL.—The exchange described in section
14 of this Act shall not be consummated by the Secretary
until the conditions of this section are met.
(b) CONDITIONS.—The Secretary or a qualified sec-
tion 501(c)(3) conservation entity, acting on its behalf for
later disposition to the United States, shall have acquired,
by purchase or option to acquire, or exchange, all of the
Porcupine property for its fair market value, determined
HR 873 IH
at the time of acquisition in accordance with appraisal
standards acceptable to the Secretary by an appraiser ac-
ceptable to the Secretary and the owner. Any appraisal
for exchange purposes shall be conducted by the same par-
ties, utilizing the same standards noted above; ‘‘And fur-
ther that, if said acquisition or option to acquire has been
consummated by a qualified section 501(c)(3) conserva-
tion entity, said entity shall have notified the Secretary
that the quality of title in fact secured meets applicable
Forest Service standards with respect to surface and sub-
surface estates or is otherwise acceptable to the Forest
Service’’.
(c) DESCRIPTION OF LANDS.—The Secretary is au-
thorized and directed to acquire by purchase or exchange
the lands and interests therein as depicted on a map enti-
tled ‘‘Porcupine Area’’, dated September, 1992.
(d) LAND ACQUISITION AUTHORITIES.—Acquisitions
pursuant to this section shall be under existing authorities
available to the Secretary.
(e) AUTHORIZATION
OF APPROPRIATIONS.—There
are authorized to be appropriated such sums as are nec-
essary to carry out the purposes of this section. Funds
necessary for land acquisition are authorized to be appro-
priated from the Land and Water Conservation Fund.
HR 873 IH
(f) AUTHORIZATION OF EXCHANGE.—The Secretary
is authorized to offer the lands and interests described on
a map entitled ‘‘Porcupine Exchange Lands’’, dated Sep-
tember, 1992, to Big Sky Lumber Company, its assignee
or successors in interest to fulfill the purposes of this sec-
tion: Provided, That the lands shall not transfer to the
company until the provisions of this section and section
16 are met.
(g) EQUAL VALUE.—Any exchange of lands between
Big Sky Lumber Company and the United States shall
be for equal value.
(h) REFERENCES.—The reference and authorities of
this section referring to the Big Sky Lumber Company,
shall also refer to its successors.
SEC. 5. LAND CONSOLIDATION—TAYLOR FORK AREA.
(a) IN GENERAL.—The exchange described in section
14 of this Act shall not be consummated by the Secretary
until the conditions of this section are met.
(b) CONDITIONS.—The Secretary or a qualified sec-
tion 501(c)(3) conservation entity, acting on its behalf for
later disposition to the United States, shall have acquired,
by purchase or option to acquire, or exchange, all of the
Taylor Fork property for its fair market value, determined
at the time of acquisition in accordance with appraisal
standards acceptable to the Secretary by an appraiser ac-
HR 873 IH
ceptable to the Secretary and the owner. Any appraisal
for exchange purposes shall be conducted by the same par-
ties, utilizing the same standards noted above; and further
that, if said acquisition or option to acquire has been con-
summated by a qualified section 501(c)(3) conservation
entity, said entity shall have notified the Secretary that
the quality of title in fact secured meets applicable Forest
Service standards with respect to surface and subsurface
estates or is otherwise acceptable to the Forest Service.
(c) DIRECTION.—The Secretary is directed to provide
Congress, within two years, recommendations designed to
acquire by purchase or exchange Taylor Fork Area lands
owned by Big Sky Timber Company: Provided, That such
recommendations are agreed to by Big Sky Lumber Com-
pany: Provided further, That nothing in this section limits
the Secretary’s authority to acquire or purchase said
lands.
(d) DESCRIPTION OF LANDS.—The Secretary is au-
thorized and directed to acquire by purchase or exchange
the lands and interests therein as depicted on a map enti-
tled ‘‘Taylor Fork Area’’, dated September, 1992.
(e) LAND ACQUISITION AUTHORITIES.—Acquisition
pursuant to this section shall be under existing authorities
available to the Secretary: Provided, That notwithstanding
HR 873 IH
any other law, exchanges authorized in this section shall
not be restricted within the same State.
(f) AUTHORIZATION
OF APPROPRIATIONS.—There
are authorized to be appropriated such sums as are nec-
essary to carry out the purposes of this section. Funds
necessary for land acquisition are authorized to be appro-
priated from the Land and Water Conservation Fund.
(g) EQUAL VALUE.—Any exchange of lands between
Big Sky Lumber Company and the United States shall
be for equal value.
(h) REFERENCES.—The reference and authorities of
this section referring to the Big Sky Lumber Company,
shall also refer to its successors.
(i) REPORTS TO CONGRESS.—For a period of two
years from the date of enactment of this Act, the Sec-
retary shall report annually to the Committee on Interior
and Insular Affairs of the House of Representatives and
the Committee on Energy and Natural Resources of the
Senate, on the status of the negotiations with the company
or its successors in interest to effect the land consolidation
authorized by this section.
SEC. 6. LAND CONSOLIDATION—GALLATIN AREA.
(a) IN GENERAL.—The Secretary shall work dili-
gently to assure all lands within what is generally known
as the Gallatin Range owned by Big Sky Lumber Com-
HR 873 IH
pany, its assignee or successors in interest, not acquired,
purchased or exchanged pursuant to sections 14 and 15
of this Act are acquired by the United States through ex-
change or purchase.
(b) DIRECTION.—The Secretary is directed to provide
Congress, within three years, recommendations designed
to acquire by purchase or exchange Gallatin Area lands
owned by Big Sky Timber Company: Provided, That such
recommendations are agreed to by Big Sky Lumber Com-
pany: Provided further, That nothing in this section limits
the Secretary’s authority to acquire or purchase said
lands.
(c) DESCRIPTION OF LANDS.—The Secretary is au-
thorized and directed to acquire by purchase or exchange
the lands and interests therein as depicted on a map enti-
tled ‘‘Gallatin Area’’, dated September, 1992.
(d) LAND ACQUISITION AUTHORITIES.—Acquisitions
pursuant to this section shall be under existing authorities
available to the Secretary: Provided, That notwithstanding
any other law, exchanges authorized in this section shall
not be restricted within the same State.
(e) AUTHORIZATION
OF APPROPRIATIONS.—There
are authorized to be appropriated such sums as are nec-
essary to carry out the purposes of this section. Funds
HR 873 IH
necessary for land acquisition are authorized to be appro-
priated from the Land and Water Conservation Fund.
(f) EQUAL VALUE.—Any exchange of lands between
Big Sky Lumber Company and the United States shall
be for equal value.
(g) QUALITY OF TITLE.—The quality of title to the
properties referenced in this section in fact secured shall
meet applicable Forest Service standards with respect to
surface and subsurface estates or shall otherwise be ac-
ceptable to the Forest Service.
(h) REFERENCES.—The reference and authorities of
this section referring to the Big Sky Lumber Company,
shall also refer to its successors.
(i) REPORTS TO CONGRESS.—For a period of three
years from the date of enactment of this Act, the Sec-
retary shall report annually to the Committee on Interior
and Insular Affairs of the House of Representatives and
the Committee on Energy and Natural Resources of the
Senate, on the status of the negotiations with the company
or its successors in interest to effect the land consolidation
authorized by this section.
Æ