A bill to direct the Secretary of Agriculture to release a reversionary interest of the United States in certain land located in Oktibbeha County, Mississippi.
PL 100-520 (H.R.4724), enacted 10/24/1988

PUBLIC LAW 100-520—OCT. 24, 1988 
102 STAT. 2599 
Public Law 100-520 
100th Congress 
An Act 
To direct the Secretary of Agriculture to release a reversionary interest of the 
Oct. 24, 1988 
United States in certain land located in Oktibbeha County, Mississippi. 
[H.R. 4724] 
Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, 
SECTION 1. RELEASE OF REVERSIONARY INTEREST. 
(a) RELEASE.—The Secretary of Agriculture (subject to the provi-
sions of subsection (c)) shall take such actions as are necessary to 
release the restriction on the land described in subsection (b) that— 
(1) requires that such land be used for public purposes; and 
(2) is contained in a deed— 
(A) granting such land from the United States to Mis-
sissippi State College (University), 
(B) dated July 20,1955, and 
(C) recorded at page 293 of book 274 of the record of deeds 
at Oktibbeha County, Mississippi. 
Ot)) LEGAL DESCRIPTION.—The lands that are subject to this Act 
are— 
(1) the East half (EV2) of the Southeast Quarter (SEy4) of 
Section 9, Township 17 North, Range 13 East in Oktibbeha 
County, Mississippi, containing 80 acres more or less; and 
(2) a strip of approximately 42.37 acres in section 10, T 17 N, 
R 13 E, Oktibbeha County, Mississippi, being located on part of 
the Wy2 of the Wy2 of the NEy4 and part of the Ey2 of the Ey2 
of the NWV4 of said section, township, and range. 
(c) AGREEMENT.—The Secretary of Agriculture, prior to releasing 
any of the restrictions contained in the deed described in subsection 
(a), shall enter into an agreement with Mississippi State College 
(University) which provides that the release of the restrictions 
contained in such deed shall be conditioned on the placing of 
identical restrictions on acceptable property of equal value acquired 
by the College (University) in exchange for the property described in 
subsection (b). 
SEC. 
2
. 
SALE 
OF 
MINERAL 
RIGHTS. 
(a) IN GENERAL.—Subject to any valid existing rights of third 
parties, the Secretary of the Interior shall convey to Mississippi 
State (College (University) all of the undivided mineral interests of 
the United States in the lands described in section 1(b) as soon as 
practicable after the date of the compliance by Mississippi State 
College (University) with the provisions of subsection (b)(2). 
(b) TERMS OF CONVEYANCE.—(1) Within 90 days after the date of 
the enactment of this Act, the Secretary of the Interior shall 
determine— 
(A) the mineral character of the lands described in section 
1(b); and 
(B) the fair market value of the mineral interests referred to 
in subsection (a). 
102 STAT. 2600 
PUBLIC LAW 100-520—OCT. 24, 1988 
(2) Mississippi State College (University) shall pay to the United 
States— 
(A) any administrative costs incurred by the United States in 
conveying such mineral interests to Mississippi State College 
(University), including costs of making the determinations 
required by paragraph (1); and 
(B)(i) the fair market value of such mineral interests, or 
(ii) $1, in the case of mineral interests in any land determined 
by the Secretary of the Interior to have no value and to be 
under no active mineral development or leasing. 
Approved October 24, 1988. 
LEGISLATIVE HISTORY—H.R. 4724 (S. 2437): 
HOUSE REPORTS: No. 100-1025 (Comm. on Agriculture). 
CONGRESSIONAL RECORD, Vol. 134 (1988): 
Oct. 3, 4, considered and passed House. 
Oct. 5, considered and passed Senate.