zona, depicted on the map entitled ‘‘Southeast 
Arizona Land Exchange and Conservation Act 
of 2005—Federal Parcel-Superior Airport Con-
tiguous Parcel’’, dated June 2005. 
(2) CONDITION OF CONVEYANCE.—Any convey-
ance of land under paragraph (1) shall be carried 
out in a manner that provides the United States 
manageable boundaries on any parcel retained by 
the Secretary, to the maximum extent practicable. 
(d) TIMING OF EXCHANGE.—It is the intent of Con-
gress that the land exchange directed by subsection (a) 
be completed not later than 1 year after the date of enact-
ment of this Act. 
(e) EXCHANGE
PROCESSING.—Prior to consum-
mating the land exchange under this Act, the Secretary, 
or the Secretary of the Interior, as appropriate, shall com-
plete any necessary land surveys and required pre-ex-
change clearances, reviews, mitigation and approvals relat-
ing to threatened and endangered species, cultural and 
historic resources, wetlands and floodplains and hazardous 
materials. 
(f) EXCHANGE COSTS AND CONTRACTORS.— 
(1) As authorized pursuant to 36 CFR 254.4 
and 254.7 Resolution Copper shall assume responsi-
bility for— 
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(A) hiring any contractors necessary for 
carrying out the exchange of land under sub-
section (a) or a conveyance of land under sub-
section (c); and 
(B) paying (without compensation under 
36 CFR 254.7)— 
(i) the costs of any appraisals relating 
to the exchange and conveyance under sub-
sections (a), (b) and (c), including any rea-
sonable reimbursements to the Secretary 
on request of the Secretary for the cost of 
reviewing and approving an appraisal; 
(ii) the costs of clearances, reviews, 
mitigation and approvals under subsection 
(e) of this Section, including any necessary 
land surveys conducted by the Bureau of 
Land Management Cadastral Survey; and 
(iii) any other cost agreed to by Reso-
lution Copper and the Secretary, or the 
Secretary of the Interior. 
(2) CONTRACTOR WORK AND APPROVALS.— 
(A) IN GENERAL.—Any work relating to a 
conveyance or exchange that is performed by a 
contractor requiring review and approval by the 
United States shall be subject to the mutual 
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agreement of the Secretary or the Secretary of 
the Interior, as appropriate, and Resolution 
Copper, including agreement with respect to— 
(i) the selection of the contractor; and 
(ii) the scope of the work performed 
by the contractor. 
(B) REVIEW AND APPROVAL.—Review and 
approval of any work by a contractor shall be 
performed by the Secretary or the Secretary of 
the Interior, as appropriate, in accordance with 
all applicable laws, rules and regulations. 
(C) LEAD ACTOR AGREEMENT.—The Sec-
retary and the Secretary of the Interior may 
mutually agree to designate the Secretary as 
the lead actor for any action under this sub-
section. 
SEC. 5. VALUATION OF LAND EXCHANGED OR CONVEYED. 
(a) EXCHANGE VALUATION.— 
(1) IN GENERAL.—The values of the lands to 
be exchanged under subsections 4(a) and (b), and 
the lands to be conveyed to the Town under section 
4(c) (including any reversionary interest), shall be 
determined by the Secretary through concurrent ap-
praisals conducted in accordance with paragraph 
(2). 
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(2) APPRAISALS.— 
(A) IN GENERAL.—An appraisal under this 
section shall be— 
(i) performed by an appraiser mutu-
ally agreed to by the Secretary and Resolu-
tion Copper; 
(ii) performed in accordance with— 
(I) the Uniform Appraisal Stand-
ards for Federal Land Acquisitions 
(Department of Justice, 5th Edition, 
December 20, 2000); 
(II) the Uniform Standards of 
Professional Appraisal Practice; and 
(III) Forest Service appraisal in-
structions; and 
(iii) submitted to the Secretary for re-
view and approval. 
(B) REAPPRAISALS
AND
UPDATED
AP-
PRAISED
VALUES.—After the final appraised 
value of a parcel is determined and approved 
under subparagraph (A), the Secretary shall 
not be required to reappraise or update the 
final appraised value— 
(i) for a period of 3 years after the 
approval by the Secretary of the final ap-
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praised value under subparagraph (A)(iii); 
or 
(ii) in accordance with 36 CFR 
254.14, at all, after an exchange agree-
ment is entered into by Resolution Copper 
and the Secretary. 
(C) PUBLIC REVIEW.—Before carrying out 
a land exchange under section 4, the Secretary 
shall make available for public review a sum-
mary of the appraisals of the land to be ex-
changed. 
(3) FAILURE TO AGREE.—If the Secretary and 
Resolution Copper fail to agree on the value of a 
parcel to be exchanged, the final value of the parcel 
shall be determined in accordance with section 
206(d) of the Federal Land Policy and Management 
Act of 1976 (43 U.S.C. 1716(d)). 
(4) FEDERAL LAND.—The value of the Federal 
land conveyed to Resolution Copper under section 
4(a) shall be determined as if the land is 
unencumbered by any unpatented mining claims of 
Resolution Copper. 
(b) EQUALIZATION OF VALUE.— 
(1) SURPLUS OF FEDERAL LAND VALUE.— 
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(A) IN GENERAL.—If the final appraised 
value of the Federal land exceeds the value of 
the non-Federal land plus the $7,500,000 cash 
payment under Section 4(b)(3), Resolution Cop-
per shall make a cash equalization payment to 
the Secretary to equalize the values of the Fed-
eral land and non-Federal land. 
(B) CASH
EQUALIZATION
AMOUNT.—A 
payment under subparagraph (A) may be in ex-
cess of the amount authorized under section 
206(b) of the Federal Land Policy and Manage-
ment Act of 1976 (43 U.S.C. 1716(b)). 
(C) DISPOSITION
AND
USE
OF
PRO-
CEEDS.— 
(i) DISPOSITION OF PROCEEDS.—Any 
cash equalization payments received by the 
Secretary under subparagraph (A) shall be 
deposited in the fund established under 
paragraph 4(b)(3) of this Act for use in 
accordance with that paragraph. 
(ii) SISK ACT.—Any amounts received 
by the Secretary from the conveyance of 
land to the Town of Superior under para-
graph (3) shall be deposited in the fund es-
tablished by Public Law 90–171 (com-
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