To amend the Idaho Admission Act regarding the sale or lease of school land.
PL 105-296 (H.R.4166), enacted 10/27/1998

112 STAT. 2822 
PUBLIC LAW 105-296—OCT. 27, 1998 
Oct. 27, 1998 
[H.R. 4166] 
Public Law 105-296 
105th Congress 
An Act 
To amend the Idaho Admission Act regarding the sale or lease of school land. 
Be it enacted by the Senate and House of Representatives 
of 
the United States of America in Congress assembled, 
SECTION 1. SALE, LEASE, OR EXCHANGE OF ffiAHO SCHOOL LAND. 
The Act of July 3, 1890 (commonly known as the "Idaho Admis-
sion Act") (26 Stat. 215, chapter 656), is amended by striking 
section 5 and inserting the following: 
"SEC. 5. SALE, LEASE, OR EXCHANGE OF SCHOOL LAND. 
"(a) SALE.— 
"(1) IN GENERAL.—Except as provided in subsection (c), 
all land granted under this Act for educational purposes shall 
be sold only at public sale. 
"(2) USE OF PROCEEDS.— 
"(A) IN GENERAL.—Proceeds of the sale of school land— 
"(i) except as provided in clause (ii), shall be 
deposited in the public school permanent endowment 
fund and expended only for the support of public 
schools; and 
"(ii)(l) may be deposited in a land bank fund to 
be used to acquire, in accordance with State law, other 
land in the State for the benefit of the beneficiaries 
of the public school permanent endowment fund; or 
"(II) if the proceeds are not used to acquire other 
land in the State within a period specified by State 
law, shall be transferred to the public school permanent 
endowment fund. 
"(B) EARNINGS RESERVE FUND.—Earnings on amounts 
in the public school permanent endowment fund shall be 
deposited in an earnings reserve fund to be used for the 
support of public schools of the State in accordance with 
State law. 
"(b) LEASE.—Land granted under this Act for educational 
purposes may be leased in accordance with State law. 
"(c) EXCHANGE.— 
"(1) IN GENERAL.—Land granted for educational purposes 
under this Act may be exchanged for other public or private 
land. 
"(2) VALUATION.—The values of exchanged lands shall be 
approximately equal, or, if the values are not approximately 
equal, the values shall be equalized by the payment of fiinds 
by the appropriate party. 
"(3) EXCHANGES WITH THE UNITED STATES.— 
PUBLIC LAW 105-296—OCT. 27, 1998 
112 STAT. 2823 
"(A) IN GENERAL.—^A land exchange with the United 
States shall be limited to Federal land within the State 
that is subject to exchange under the law governing the 
administration of the Federal land. 
"(B) PREVIOUS EXCHANGES.—All land exchanges made 
with the United States before the date of the enactment 
of this paragraph are approved. 
"(d) RESERVATION FOR SCHOOL PURPOSES.—Land granted for 
educational purposes, whether surveyed or unsurveyed, shall not 
be subject to preemption, homestead entry, or any other form of 
entry under the land laws of the United States, but shall be reserved 
for school purposes only.". 
Approved October 27, 1998. 
LEGISLATIVE HISTORY—H.R. 4166: 
HOUSE REPORTS: No. 105-705 (Comm. on Resources). 
SENATE REPORTS: No. 105-393 (Comm. on Energy and Natural Resources). 
CONGRESSIONAL RECORD, Vol. 144 (1998): 
Sept. 15, considered and passed House. 
Oct. 7, considered and passed Senate. 
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