496 
subparagraph shall be final and not admin-
istratively appealable. 
‘‘(C) PUBLIC SALE.—If no acceptable offer 
is received from a qualified beginning farmer or 
a socially disadvantaged farmer under subpara-
graph (B) not later than 135 days after acquir-
ing the real property, the Secretary shall, not 
later than 30 days after the 135-day period, sell 
the property after public notice at a public sale, 
and, if no acceptable bid is received, by nego-
tiated sale, at the best price obtainable. 
‘‘(2) INTEREST.— 
‘‘(A) IN
GENERAL.—Subject to subpara-
graph (B), any conveyance of real property 
under this subsection shall include all of the in-
terest of the United States in the property, in-
cluding mineral rights. 
‘‘(B) CONSERVATION.—The Secretary may 
for conservation purposes grant or sell an ease-
ment, restriction, development right, or similar 
legal right to real property to a State, a polit-
ical subdivision of a State, or a private non-
profit organization separately from the under-
lying fee or other rights to the property owned 
by the United States. 
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497 
‘‘(3) OTHER
LAW.—Subtitle I of title 40, 
United States Code, and title III of the Federal 
Property and Administrative Services Act of 1949 
(41 U.S.C. 251 et seq.) shall not apply to any exer-
cise of authority under this subtitle. 
‘‘(4) LEASE OF PROPERTY.— 
‘‘(A) IN
GENERAL.—Subject to subpara-
graph (B), the Secretary may not lease any real 
property acquired under this subtitle. 
‘‘(B) EXCEPTION.— 
‘‘(i) QUALIFIED BEGINNING FARMER 
OR SOCIALLY DISADVANTAGED FARMER.— 
The Secretary may lease or contract to sell 
to a qualified beginning farmer or a so-
cially disadvantaged farmer a farm ac-
quired by the Secretary under this subtitle 
if the qualified beginning farmer qualifies 
for a credit sale or direct farm ownership 
loan under chapter 1 but credit sale au-
thority for loans or direct farm ownership 
loan funds, respectively, are not available. 
‘‘(ii) TERM.—The term of a lease or 
contract to sell to a qualified beginning 
farmer or a socially disadvantaged farmer 
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498 
under clause (i) shall be until the earlier 
of— 
‘‘(I) the date that is 18 months 
after the date of the lease or sale; or 
‘‘(II) the date that direct farm 
ownership loan funds or credit sale 
authority for loans becomes available 
to the qualified beginning farmer or 
socially disadvantaged farmer. 
‘‘(iii) 
INCOME-PRODUCING
CAPA-
BILITY.—In determining the rental rate on 
real property leased under this subpara-
graph, the Secretary shall consider the in-
come-producing capability of the property 
during the term that the property is 
leased. 
‘‘(5) EXPEDITED DETERMINATION.— 
‘‘(A) IN GENERAL.—On the request of an 
applicant, not later than 30 days after denial of 
the application, the appropriate State director 
shall provide an expedited review and deter-
mination of whether the applicant is a qualified 
beginning farmer or a socially disadvantaged 
farmer for the purpose of acquiring farm inven-
tory property. 
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