(1) RESERVATION.—In the conveyance of the 
National Forest System lands under this section, the 
Secretary shall reserve easements for all roads and 
trails that the Secretary considers to be necessary or 
desirable to provide for administrative purposes and 
to ensure public access to National Forest System 
lands and shall reserve perpetual unrestricted rights 
of pedestrian and equestrian access over all existing 
roads and trails. 
(2) CONSTRUCTION
OF
PARKING
LOT.—As a 
condition on the receipt of National Forest System 
lands under this section, the District shall agree to 
construct a gravel parking area upon District lands 
to provide access to the Potholes trail of the Los Pa-
dres National Forest. The site design for the park-
ing area shall be subject to the approval by the Sec-
retary. The District may reasonably regulate vehic-
ular access to the parking area in accordance with 
rules and regulations promulgated in accordance 
with applicable law. 
(f) PARTIAL REVOCATION OF WITHDRAWALS.—The 
public lands withdrawals provided by the Act of May 29, 
1928 (Chapter 868; 45 Stat. 956), Power Site Classifica-
tion No. 414–USGS, June 22, 1951, FERC Power 
Project No. 2153, January 15, 1957, and Forest Service 
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Land Order No. 3338, February 28, 1964, are hereby re-
voked insofar as they effect the National Forest System 
lands conveyed under this section. 
(g) WATER RIGHTS.—The land exchange under this 
section does not include any water rights owned by the 
District or the United States. 
(h) EQUAL VALUE EXCHANGE.— 
(1) APPRAISAL.—Subject to paragraph (2), the 
land exchange under this section shall be conducted 
on an equal value basis, as determined by the ap-
praisal done in conformity with the Uniform Ap-
praisal Standards for Federal Lands Standards for 
Acquisition and Forest Service appraisal instruc-
tions. 
(2) CASH EQUALIZATION.—If the value of the 
lands to be conveyed by the District under sub-
section (a) is less than the value of the lands to be 
conveyed by the Secretary, the values of the lands 
may be equalized through the payment by the Dis-
trict of a cash equalization payment. The amount of 
the cash equalization payment paid by the District 
may exceed the statutory limit specified in section 
206 of the Federal Land Policy and Management 
Act of 1976 (43 U.S.C. 1716). The Secretary may 
not make a cash equalization payment. 
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(3) DEPOSIT OF PROCEEDS.—Any cash equali-
zation payment or other proceeds received by the 
Secretary as a result of the land exchange under this 
section shall be deposited in the general fund of the 
Treasury. 
(i) MANAGEMENT OF ACQUIRED LANDS.—For pur-
poses of section 7 of the Land and Water Conservation 
Fund Act of 1965 (16 U.S.C. 460l–9), the boundaries of 
the Los Padres National Forest, as adjusted as a result 
of the land exchange under this section, shall be consid-
ered to be the boundaries of that national forest as of Jan-
uary 1, 1965. The District lands acquired by the Secretary 
under this section shall be added to and administered as 
part of the Los Padres National Forest in accordance with 
the laws and regulations applicable to that national forest. 
(j) EFFECT OF EXCHANGE.—The District shall com-
ply with all applicable requirements of the Endangered 
Species Act of 1973 (16 U.S.C. 1531 et seq.) relating to 
the land conveyed to it under this section. 
Æ 
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