on the map entitled ‘‘Southeast Arizona Land Ex-
change and Conservation Act of 2011–Apache Leap’’ 
and dated March 2011. 
(2) FEDERAL LAND.—The term ‘‘Federal land’’ 
means the approximately 2,422 acres of land located 
in Pinal County, Arizona, depicted on the map enti-
tled ‘‘Southeast Arizona Land Exchange and Con-
servation Act of 2011–Federal Parcel–Oak Flat’’ 
and dated March 2011. 
(3) INDIAN TRIBE.—The term ‘‘Indian tribe’’ 
has the meaning given the term in section 4 of the 
Indian Self-Determination and Education Assistance 
Act (25 U.S.C. 450b). 
(4) NON-FEDERAL LAND.—The term ‘‘non-Fed-
eral land’’ means the parcels of land owned by Reso-
lution Copper that are described in section 5(a) and, 
if necessary to equalize the land exchange under sec-
tion 4, section 4(e)(2)(A)(i). 
(5) OAK FLAT CAMPGROUND.—The term ‘‘Oak 
Flat Campground’’ means the approximately 50 
acres of land comprising approximately 16 developed 
campsites depicted on the map entitled ‘‘Southeast 
Arizona Land Exchange and Conservation Act of 
2011–Oak Flat Campground’’ and dated March 
2011. 
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(6) OAK FLAT WITHDRAWAL AREA.—The term 
‘‘Oak Flat Withdrawal Area’’ means the approxi-
mately 760 acres of land depicted on the map enti-
tled ‘‘Southeast Arizona Land Exchange and Con-
servation Act of 2011–Oak Flat Withdrawal Area’’ 
and dated March 2011. 
(7) RESOLUTION COPPER.—The term ‘‘Resolu-
tion Copper’’ means Resolution Copper Mining, 
LLC, a Delaware limited liability company, includ-
ing any successor, assign, affiliate, member, or joint 
venturer of Resolution Copper Mining, LLC. 
(8) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Agriculture. 
(9) STATE.—The term ‘‘State’’ means the State 
of Arizona. 
(10) TOWN.—The term ‘‘Town’’ means the in-
corporated town of Superior, Arizona. 
SEC. 4. LAND EXCHANGE. 
(a) IN GENERAL.—Subject to the provisions of this 
Act, if Resolution Copper offers to convey to the United 
States all right, title, and interest of Resolution Copper 
in and to the non-Federal land, the Secretary is authorized 
and directed to convey to Resolution Copper, all right, 
title, and interest of the United States in and to the Fed-
eral land. 
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(b) CONDITIONS ON ACCEPTANCE.—Title to any non- 
Federal land conveyed by Resolution Copper to the United 
States under this Act shall be in a form that— 
(1) is acceptable to the Secretary, for land to 
be administered by the Forest Service and the Sec-
retary of the Interior, for land to be administered by 
the Bureau of Land Management; and 
(2) conforms to the title approval standards of 
the Attorney General of the United States applicable 
to land acquisitions by the Federal Government. 
(c) CONSULTATION WITH INDIAN TRIBES.—If not 
undertaken prior to enactment of this Act, within 30 days 
of the date of enactment of this Act, the Secretary shall 
engage in government-to-government consultation with af-
fected Indian tribes concerning issues related to the land 
exchange, in accordance with applicable laws (including 
regulations). 
(d) APPRAISALS.— 
(1) IN GENERAL.—As soon as practicable after 
the date of enactment of this Act, the Secretary and 
Resolution Copper shall select an appraiser to con-
duct appraisals of the Federal land and non-Federal 
land in compliance with the requirements of section 
254.9 of title 36, Code of Federal Regulations. 
(2) REQUIREMENTS.— 
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(A) IN GENERAL.—Except as provided in 
subparagraph (B), an appraisal prepared under 
this subsection shall be conducted in accordance 
with nationally recognized appraisal standards, 
including— 
(i) the Uniform Appraisal Standards 
for Federal Land Acquisitions; and 
(ii) the Uniform Standards of Profes-
sional Appraisal Practice. 
(B) FINAL APPRAISED VALUE.—After the 
final appraised values of the Federal land and 
non-Federal land are determined and approved 
by the Secretary, the Secretary shall not be re-
quired to reappraise or update the final ap-
praised value— 
(i) for a period of 3 years beginning 
on the date of the approval by the Sec-
retary of the final appraised value; or 
(ii) at all, in accordance with section 
254.14 of title 36, Code of Federal Regula-
tions (or a successor regulation), after an 
exchange agreement is entered into by Res-
olution Copper and the Secretary. 
(C) IMPROVEMENTS.—Any improvements 
made by Resolution Copper prior to entering 
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into an exchange agreement shall not be in-
cluded in the appraised value of the Federal 
land. 
(D) PUBLIC
REVIEW.—Before consum-
mating the land exchange under this Act, the 
Secretary shall make the appraisals of the land 
to be exchanged (or a summary thereof) avail-
able for public review. 
(3) APPRAISAL INFORMATION.—The appraisal 
prepared under this subsection shall include a de-
tailed income capitalization approach analysis of the 
market value of the Federal land which may be uti-
lized, as appropriate, to determine the value of the 
Federal land, and shall be the basis for calculation 
of any payment under section 6. 
(e) EQUAL VALUE LAND EXCHANGE.— 
(1) IN
GENERAL.—The value of the Federal 
land and non-Federal land to be exchanged under 
this Act shall be equal or shall be equalized in ac-
cordance with this subsection. 
(2) SURPLUS OF FEDERAL LAND VALUE.— 
(A) IN GENERAL.—If the final appraised 
value of the Federal land exceeds the value of 
the 
non-Federal 
land, 
Resolution 
Copper 
shall— 
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(i) convey additional non-Federal land 
in the State to the Secretary or the Sec-
retary of the Interior, consistent with the 
requirements of this Act and subject to the 
approval of the applicable Secretary; 
(ii) make a cash payment to the 
United States; or 
(iii) use a combination of the methods 
described in clauses (i) and (ii), as agreed 
to by Resolution Copper, the Secretary, 
and the Secretary of the Interior. 
(B) AMOUNT
OF
PAYMENT.—The Sec-
retary may accept a payment in excess of 25 
percent of the total value of the land or inter-
ests conveyed, notwithstanding section 206(b) 
of the Federal Land Policy and Management 
Act of 1976 (43 U.S.C. 1716(b)). 
(C) DISPOSITION
AND
USE
OF
PRO-
CEEDS.—Any amounts received by the United 
States under this subparagraph shall be depos-
ited in the fund established under Public Law 
90–171 (commonly known as the ‘‘Sisk Act’’; 
16 U.S.C. 484a) and shall be made available, in 
such amounts as are provided in advance in ap-
propriation Acts, to the Secretary for the acqui-
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