(2) FOUNDATION.—The term ‘‘Foundation’’ 
means the White Lotus Foundation, a nonprofit 
foundation located in Santa Barbara, California. 
(3) MAP.—The term ‘‘map’’ means the map en-
titled ‘‘San Marcos Pass Encroachment for Consid-
eration of Legislative Remedy’’ and dated June 1, 
2009. 
(4) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Agriculture. 
SEC. 2. LAND CONVEYANCE. 
(a) IN GENERAL.—Subject to the provisions of this 
section, if the Foundation offers to convey to the Secretary 
all right, title, and interest of the Foundation in and to 
a parcel of non-Federal land that is acceptable to the Sec-
retary— 
(1) the Secretary shall accept the offer; and 
(2) on receipt of acceptable title to the non- 
Federal land, the Secretary shall convey to the 
Foundation all right, title, and interest of the United 
States in and to the Federal land. 
(b) APPLICABLE LAW.—The land exchange author-
ized under subsection (a) shall be subject to section 206 
of the Federal Land Policy and Management Act of 1976 
(43 U.S.C. 1716). 
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(c) TIME FOR COMPLETION OF LAND EXCHANGE.— 
It is the intent of Congress that the land exchange under 
subsection (a) shall be completed not later than 2 years 
after the date of enactment of this Act. 
(d) AUTHORITY OF SECRETARY TO CONDUCT SALE 
OF FEDERAL LAND.—If the land exchange under sub-
section (a) is not completed by the date that is 2 years 
after the date of enactment of this Act, the Secretary may 
offer to sell to the Foundation the Federal land for fair 
market value. 
(e) ADDITIONAL TERMS
AND CONDITIONS.—The 
land exchange under subsection (a) and any sale under 
subsection (d) shall be subject to— 
(1) valid existing rights; 
(2) the Secretary finding that the public inter-
est would be well served by making the exchange or 
sale; 
(3) any terms and conditions that the Secretary 
may require; and 
(4) the Foundation paying the reasonable costs 
of any surveys, appraisals, and any other adminis-
trative costs associated with the land exchange or 
sale. 
(f) APPRAISALS.— 
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(1) IN
GENERAL.—The land conveyed under 
subsection (a) or (d) shall be appraised by an inde-
pendent appraiser selected by the Secretary. 
(2) REQUIREMENTS.—An appraisal under para-
graph (1) shall be conducted in accordance with na-
tionally recognized appraisal standards, including— 
(A) the Uniform Appraisal Standards for 
Federal Land Acquisitions; and 
(B) the Uniform Standards of Professional 
Appraisal Practice. 
(g) DISPOSITION OF PROCEEDS.— 
(1) IN GENERAL.—The Secretary shall deposit 
in the fund established under Public Law 90–171 
(commonly known as the ‘‘Sisk Act’’) (16 U.S.C. 
484a) any amount received by the Secretary as the 
result of— 
(A) any cash equalization payment made 
under subsection (b); and 
(B) any sale carried out under subsection 
(d). 
(2) USE
OF
PROCEEDS.—Amounts deposited 
under paragraph (1) shall be available to the Sec-
retary, without further appropriation and until ex-
pended, for the acquisition of land or interests in 
land in the Los Padres National Forest. 
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(h) MANAGEMENT
AND
STATUS
OF
ACQUIRED 
LAND.—Any non-Federal land acquired by the Secretary 
under this Act shall be managed by the Secretary in ac-
cordance with— 
(1) the Act of March 1, 1911 (commonly known 
as the ‘‘Weeks Law’’) (16 U.S.C. 480 et seq.); and 
(2) any laws (including regulations) applicable 
to the National Forest System. 
Æ 
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