SEC. 5. DARIEN RANCH AND FOREST SERVICE LAND EX-
CHANGE, GUNNISON COUNTY, COLORADO. 
(a) LAND EXCHANGE REQUIRED.—If the Darien 
Ranch offers to convey all right, title, and interest of the 
Darien Ranch in and to the approximately 0.42 acres of 
non-Federal land in Gunnison County, Colorado, as gen-
erally depicted on the map entitled ‘‘Central Rockies Land 
Exchange—Non-Federal parcel—Lily Lake Trailhead’’ 
and dated February 2010, the Secretary of Agriculture 
shall— 
(1) accept the offer; and 
(2) upon receipt of the non-Federal land, simul-
taneously convey to the Darien Ranch a permanent 
right-of-way no more than 200 feet in width for a 
water intake on Rapid Creek and water pipeline 
(and access to such water intake and pipeline) gen-
erally running along an existing irrigation ditch 
from Rapid Creek to private land on the route gen-
erally depicted on a map entitled ‘‘Central Rockies 
Land Exchange—Darien Ranch Right-of-Way’’ and 
dated February 2010. 
(b) LAND TITLE.—Title to the non-Federal land con-
veyed to the Secretary of Agriculture under this section 
shall be acceptable to the Secretary and shall conform to 
the title approval standards of the Attorney General of 
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the United States applicable to land acquisitions by the 
Federal Government. 
SEC. 6. EQUAL VALUE EXCHANGE AND APPRAISALS. 
(a) EQUAL VALUE EXCHANGE.— 
(1) IN GENERAL.—The values of the Federal 
and non-Federal land in each separate land ex-
change under this Act shall be equal. If the values 
are not equal in one or both of the land exchanges, 
the values of the Federal and non-Federal land at 
issue shall be equalized in the manner provided by 
this subsection. 
(2) SURPLUS OF FEDERAL LAND VALUE.—If 
the final appraised value of the Federal land in a 
land exchange under this Act exceeds the final ap-
praised value of the non-Federal land in that ex-
change, the non-Federal party in that exchange shall 
make a cash equalization payment to the Secretary 
concerned as necessary to achieve equal value, in-
cluding, if necessary, an amount in excess of that 
authorized pursuant to section 206(b) of the Federal 
Land Policy and Management Act of 1976 (43 
U.S.C. 1716(b)). 
(3) SURPLUS OF NON-FEDERAL LAND VALUE.— 
If the final appraised value of the non-Federal land 
in a land exchange under this Act exceeds the final 
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appraised value of the Federal land in that ex-
change— 
(A) the United States shall not make a 
cash equalization payment to the non-Federal 
party in that exchange; and 
(B) the surplus value of the non-Federal 
land shall be considered a donation by the non- 
Federal party in that exchange to the United 
States. 
(b) USE OF CASH EQUALIZATION PAYMENT.— 
(1) DEPARTMENT
OF
THE
INTERIOR.—Any 
cash equalization payment received by the Secretary 
of the Interior under subsection (a) shall be depos-
ited in the Federal Land Disposal Account estab-
lished pursuant to the Federal Land Transaction 
Facilitation Act (43 U.S.C. 2301 et seq.) and shall 
be available for use by the Bureau of Land Manage-
ment, without further appropriation, for the acquisi-
tion of lands or interests in land from willing sellers 
in Gunnison County, Colorado, or lands within the 
area managed by the Uncompahgre Field Office of 
the Bureau of Land Management. 
(2) FOREST SERVICE.—Any cash equalization 
payment received by the Secretary of Agriculture 
under subsection (a) shall be deposited in the fund 
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established by Public Law 90–171 (commonly known 
as the Sisk Act; 16 U.S.C. 484a). 
(c) APPRAISALS.— 
(1) PERFORMANCE STANDARDS.—The values of 
the lands to be exchanged shall be determined by the 
Secretary concerned through concurrent appraisals 
performed in accordance with— 
(A) the Uniform Appraisal Standards for 
Federal Land Acquisitions; 
(B) the Uniform Standards of Professional 
Appraisal Practice (USPAP); and 
(C) appraisal instructions issued by the 
Secretary concerned. 
(2) APPRAISER
SELECTION.—The appraisals 
shall be performed by an appraiser mutually agreed 
to by the Secretary concerned and the Bear Ranch 
or Darien Ranch, as applicable. 
(3) AVAILABILITY TO PUBLIC.—After reviewing 
and approving the appraisals, but before consum-
mating an exchange, the Secretary concerned shall 
make a summary of the appraisals available for pub-
lic review. 
(4) APPRAISAL EXCLUSION.—The appraisal of 
the Federal land parcels under this Act shall not re-
flect any diminution in value due to the conservation 
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