193
equalization payment in excess of 25 percent of the value
of land exchanged under subsection (a).
(e) SOLICITATION OF OFFERS.—
(1) IN GENERAL.—The Secretary may solicit
offers for the sale or exchange of land under this
section on such terms and conditions as the Sec-
retary may prescribe.
(2) REJECTION
OF
OFFERS.—The Secretary
may reject any offer made under this section if the
Secretary determines that the offer is not adequate
or not in the public interest.
(f ) DEPOSIT OF PROCEEDS.—The Secretary shall de-
posit the proceeds of a sale or exchange under subsection
(a) in the fund established under Public Law 90–171 (16
U.S.C. 484a) (commonly known as the ‘‘Sisk Act’’).
(g) USE OF PROCEEDS.—Funds deposited under sub-
section (f ) shall be available until expended for—
(1) the construction of a research laboratory
and office facility at the Forest Service administra-
tive site located at the Mississippi State University
at Starkville, Mississippi;
(2) the acquisition, construction, or improve-
ment of administrative facilities in connection with
units of the National Forest System in the State;
and
194
(3) the acquisition of land and interests in land
for units of the National Forest System in the State.
SEC. 404. DE SOTO NATIONAL FOREST ADDITION.
(a) ACQUISITION.—The Secretary may acquire for
fair market value all right, title, and interest in land
owned by the University of Mississippi within or near the
boundaries of the De Soto National Forest in Stone,
George, and Jackson Counties, Mississippi, comprising ap-
proximately 22,700 acres.
(b) BOUNDARIES.—
(1) IN GENERAL.—The boundaries of the De
Soto National Forest shall be modified as depicted
on the map entitled ‘‘De Soto National Forest
Boundary Modification—April, 1999’’ to include any
acquisition of University land under this section.
(2) AVAILABILITY OF MAP.—The map described
in paragraph (1) shall be available for public inspec-
tion in the office of the Chief of the Forest Service
in Washington, District of Columbia.
(3) ALLOCATION
OF
MONEYS
FOR
FEDERAL
PURPOSES.—For the purpose of section 7 of the
Land and Water Conservation Fund Act of 1965
(16 U.S.C. 460l–9), the boundaries of the De Soto
National Forest, as modified by this subsection,
195
shall be considered the boundaries of the De Soto
National Forest as of January 1, 1965.
(c) MANAGEMENT.—
(1) IN GENERAL.—The Secretary shall assume
possession and all management responsibilities for
University land acquired under this section on the
date of acquisition.
(2) 
COOPERATIVE
MANAGEMENT
AGREE-
MENT.—For the fiscal year containing the date of
the enactment of this Act and each of the four fiscal
years thereafter, the Secretary may enter into a co-
operative agreement with the University that pro-
vides for Forest Service management of any Univer-
sity land acquired, or planned to be acquired, under
this section.
(3) ADMINISTRATION.—University land ac-
quired under this section shall be—
(A) subject to the Act of March 1, 1911
(16 U.S.C. 480 et seq.) (commonly known as
the ‘‘Weeks Act’’) and other laws (including
regulations) pertaining to the National Forest
System; and
(B) managed in a manner that is con-
sistent with the land and resource management
plan applicable to the De Soto National Forest
196
on the date of the enactment of this Act, until
the plan is revised in accordance with the regu-
larly scheduled process for revision.
SEC. 405. FRANKLIN COUNTY LAND.
(a) IN GENERAL.—The Agreement dated April 24,
1999, entered into between the Secretary, the State, and
the Franklin County School Board that provides for the
Federal acquisition of land owned by the State for the con-
struction of the Franklin Lake Dam in Franklin County,
Mississippi, is ratified and the parties to the Agreement
are authorized to implement the terms of the Agreement.
(b) FEDERAL GRANT.—
(1) IN GENERAL.—Subject to reservations and
exceptions contained in the Agreement, there is
granted and quit claimed to the State all right, title,
and interest of the United States in the federally-
owned land described in Exhibit A to the Agreement.
(2) MANAGEMENT.—The land granted to the
State under the Agreement shall be managed as
school land grants.
(c) ACQUISITION OF STATE LAND.—
(1) IN GENERAL.—All right, title, and interest
in and to the 655.94 acres of land described as Ex-
hibit B to the Agreement is vested in the United
197
States along with the right of immediate possession
by the Secretary.
(2) COMPENSATION.—Compensation owed to
the State and the Franklin County School Board for
the land described in paragraph (1) shall be pro-
vided in accordance with the Agreement.
(d) CORRECTION OF DESCRIPTIONS.—The Secretary
and the Secretary of State of the State may, by joint modi-
fication of the Agreement, make minor corrections to the
descriptions of the land described on Exhibits A and B
to the Agreement.
(e) SECURITY INTEREST.—
(1) IN
GENERAL.—Any cash equalization in-
debtedness owed to the United States pursuant to
the Agreement shall be secured only by the timber
on the granted land described in Exhibit A of the
Agreement.
(2) LOSS
OF
SECURITY.—The United States
shall have no recourse against the State or the
Franklin County School Board as the result of the
loss of the security described in paragraph (1) due
to fire, insects, natural disaster, or other cir-
cumstance beyond the control of the State or Board.
(3) RELEASE OF LIENS.—On payment of cash
equalization as required by the Agreement, the Sec-
198
retary (or the Supervisor of the National Forests in
the State or other authorized representative of the
Secretary) shall release any liens on the granted
land described in Exhibit A of the Agreement.
SEC. 406. DISPOSITION OF FUNDS FROM LAND CONVEY-
ANCES.
(a) IN GENERAL.—The Secretary shall deposit any
funds received by the United States from land conveyances
authorized under section 405 in the fund established
under Public Law 90–171 (16 U.S.C. 484a) (commonly
known as the ‘‘Sisk Act’’).
(b) USE.—Funds deposited in the fund under sub-
section (a) shall be available until expended for the acqui-
sition of land and interests in land for the National Forest
System in the State.
(c) PARTIAL DISTRIBUTION.—Any funds received by
the United States from land conveyances authorized under
this Act shall not be subject to partial distribution to the
State under—
(1) the Act entitled ‘‘An Act making appropria-
tions for the Department of Agriculture for the fis-
cal year ending June thirtieth, nineteen hundred and
nine’’, approved May 23, 1908 (35 Stat. 260, chap-
ter 192; 16 U.S.C. 500);