this section, the Director concerned or the Regional 
Forester concerned shall require a cash payment in 
an amount that is equal to not less than the fair 
market value of the parcel, including the mineral es-
tate, being conveyed by the Director concerned or 
the Regional Forester concerned. 
(2) ESTABLISHMENT.—The fair market value 
of an eligible Federal lands parcel shall be estab-
lished by an appraisal submitted by the adjacent 
landholder seeking to purchase the parcel, unless the 
Director concerned or the Regional Forester con-
cerned rejects such appraisal within 45 days after 
submission. In the case of the rejection of the ap-
praisal, the Director concerned or the Regional For-
ester concerned shall cause another appraisal to be 
conducted, within 30 days, in accordance with the 
regulations regarding appraisals issued under section 
206(f) of the Federal Land Policy and Management 
Act of 1976 (43 U.S.C. 1716(f)). 
(g) TREATMENT OF PROCEEDS.— 
(1) ESTABLISHMENT OF FUND.—The Secretary 
of the Treasury shall establish in the Treasury of 
the United States a special fund to provide for the 
collection and distribution of funds under this sub-
section. 
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(2) COLLECTION.—Funds collected from the 
conveyance of an eligible Federal lands parcel under 
this section shall be deposited into the Treasury 
fund created under paragraph (1). 
(3) DISTRIBUTION.—Funds collected under this 
subsection shall be distributed annually to those 
States in which the Federal Government owns more 
than 33 percent of the land area of that State ac-
cording to the calculation provided in paragraph (4). 
(4) CALCULATION
OF
DISTRIBUTION.—From 
amounts collected and deposited under this section— 
(A) 50 percent of the amount collected 
from a conveyance shall be distributed to the 
State in which the conveyance took place; and 
(B) the remaining 50 percent shall be dis-
tributed equally between the remaining States 
identified under paragraph (3). 
(5) LIMITATION OF USE.—As a condition of re-
ceipt of funds under this subsection, a State receiv-
ing such funds shall agree to use the funds only for 
the following purposes: 
(A) PURCHASE.—To purchase additional 
eligible Federal lands parcels, that are con-
sistent with land use management under the 
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Federal Land Policy and Management Act of 
1976 (43 U.S.C. 1701). 
(B) COMPLIANCE.—To comply with a Fed-
eral requirement under— 
(i) Endangered Species Act of 1973 
(16 U.S.C. 1531 et seq.); 
(ii) Federal Water Pollution Control 
Act (33 U.S.C. 1251 et seq.); or 
(iii) National Environmental Policy 
Act of 1969 (42 U.S.C. 4321 et seq.). 
(h) PAYMENT OF COSTS OF CONVEYANCE.— 
(1) PAYMENT OF COSTS REQUIRED.—The Di-
rector concerned or the Regional Forester concerned 
shall require the purchaser to cover the costs to be 
incurred, or to reimburse the Director concerned or 
the Regional Forester concerned for costs incurred, 
to carry out the conveyance, including survey and 
appraisal costs, costs for environmental documenta-
tion, and any other administrative costs related to 
the conveyance. 
(2) REFUND OF EXCESS.—If amounts are col-
lected from the purchaser in advance of the Director 
concerned or the Regional Forester concerned incur-
ring the actual costs, and the amount collected ex-
ceeds the costs actually incurred by the Director 
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concerned or the Regional Forester concerned to 
carry out the conveyance, the Director concerned or 
the Regional Forester concerned shall refund the ex-
cess amount to the purchaser. 
(3) TREATMENT
OF
AMOUNTS
RECEIVED.— 
Amounts received as reimbursement under para-
graph (1) shall be credited to the fund or account 
that was used to cover those costs in carrying out 
the conveyance. Amounts so credited shall be merged 
with amounts in such fund or account, and shall be 
available for the same purposes, and subject to the 
same conditions and limitations, as amounts in such 
fund or account. 
(i) TIME FOR CONVEYANCE.—It is the intent of the 
Congress that the conveyance of an eligible Federal lands 
parcel under this section, from selection of the parcel for 
conveyance through completion of the sale, should take no 
more than 18 months. 
(j) CATEGORICAL EXCLUSION.—Because the scope of 
a conveyance is limited and excluded from any exceptional 
resource, a conveyance of an eligible Federal lands parcel 
under this section is categorically excluded from the re-
quirement to prepare an environmental assessment or an 
environmental impact statement under the National Envi-
ronmental Policy Act of 1969 (42 U.S.C. 4321 et seq.). 
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(k) ADDITIONAL AUTHORITY.—The conveyance au-
thority provided by this section is in addition to the sale 
authority provided by section 203 of the Federal Land 
Policy and Management Act of 1976 (43 U.S.C. 1713) 
or any other provision of law. 
Æ 
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