Detailed Instructions: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Problem:SECTION 1. SHORT TITLE.

This Act may be cited as the ''Former Charleston Naval Base Land
Exchange Act of 2012''.

SEC. 2. DEFINITIONS.

In this Act:
(1) Federal land.--The term ''Federal land'' means the
parcels consisting of approximately 10.499 acres of land
(including improvements) that are owned by the United States,
located on the former U.S. Naval Base Complex in North
Charleston, South Carolina, and included within the Charleston
County Tax Assessor's Office Tax Map Number 400-00-00-004, and
shown as New Parcel B in that certain plat of Forsberg
Engineering and Surveying Inc., dated May 25, 2007, entitled in
part ''Plat Showing the Subdivision of TMS 400-00-00-004 into
Parcel B and Remaining Residual (Parcel A).
(2) Non-federal land.--The term ''non-Federal land'' means
the 3 parcels of land (including improvements) authorized to be
conveyed to the United States under this Act.
(3) Secretary.--The term ''Secretary'' means the Secretary
of Homeland Security.
(4) State ports authority.--The term ''State Ports
Authority'' means the South Carolina State Ports Authority, an
agency of the State of South Carolina.

SEC. 3. LAND EXCHANGE.

(a) Land Exchange.--
(1) In general.--In exchange for the conveyance to the
Secretary, by quitclaim deed, of all right, title, and interest
of the State Ports Authority to the non-Federal land owned by
the State Ports Authority, the Secretary is authorized to
convey to the State Ports Authority, by quitclaim deed, all
right, title, and interest of the United States in and to the
Federal land.
(2) Exchange.--If the State Ports Authority offers to
convey to the Secretary all right, title, and interest of the
State Ports Authority in and to the non-Federal parcels
identified in subsection (b), the Secretary--
(A) is authorized to accept the offer; and
(B) on acceptance of the offer, shall
simultaneously convey to the State Ports Authority all
right, title, and interest of the United States in and
to approximately 10.499 acres of Federal land.
(b) Non-Federal Land Described.--The non-Federal land (including
improvements) to be conveyed under this section consists of--
(1) the approximately 18.736 acres of land that is owned by
the State Ports Authority, located on S. Hobson Avenue, and
currently depicted in the Charleston County Tax Assessor's
Office as Tax Map Number 400-00-00-158, and as New I-48.55
Parcel B, containing 18.736 acres, on the plat recorded in the
Charleston County RMC Office in Plat Book EL, at page 280;
(2) the approximately 4.069 acres of land that is owned by
the State Ports Authority, located on Thompson Avenue and the
Cooper River, and currently depicted in the Charleston County
Tax Assessor's Office as Tax Map Number 400-00-00-156, and as
New II-121.44 Parcel C, containing 4.069 acres, on the plat
recorded in the Charleston County RMC Office in Plat Book L09,
at pages 0391-393; and
(3) the approximately 2.568 acres of land that is owned by
the State Ports Authority, located on Partridge Avenue, and
currently depicted in the Charleston County Tax Assessor's
Office as Tax Map Number 400-00-00-157, and as New II-121.44
Parcel B, containing 2.568 acres, on the plat recorded in the
Charleston County RMC Office in Plat Book L09, at pages 0391-
0393.
(c) Land Title.--Title to the non-Federal land conveyed to the
Secretary under this section shall--
(1) be acceptable to the Secretary; and
(2) conform to the title approval standards of the Attorney
General of the United States applicable to land acquisitions by
the Federal Government.

SEC. 4. EXCHANGE TERMS AND CONDITIONS.

(a) In General.--The conveyance of Federal land under section 3
shall be subject to--
(1) any valid existing rights; and
(2) any additional terms and conditions that the Secretary
determines to be appropriate to protect the interests of the
United States.
(b) Costs.--The costs of carrying out the exchange of land under
section 3 shall be shared equally by the Secretary and the State Ports
Authority.
(c) Equal Value Exchange.--Notwithstanding the appraised value of
the land exchanged under section 3, the values of the Federal and non-
Federal land in the land exchange under section 3 shall be considered
to be equal.

SEC. 5. BOUNDARY ADJUSTMENT.

On acceptance of title to the non-Federal land by the Secretary--
(1) the non-Federal land shall be added to and administered
as part of the Federal Law Enforcement Training Center; and
(2) the boundaries of the Federal Law Enforcement Training
Center shall be adjusted to exclude the exchanged Federal land.
Solution:
Former Charleston Naval Base Land Exchange Act of 2012 - Authorizes the Secretary of Homeland Security (DHS) to exchange specified parcels of land owned by the United States located on the former U.S. Naval Base Complex in North Charleston, South Carolina (federal land), for specified parcels owned by the South Carolina State Ports Authority (non-federal land).

Requires, upon acceptance of title to the non-federal land by the Secretary: (1) the non-federal land to be added to and administered as part of the Federal Law Enforcement Training Center, and (2) the boundaries of the Center to be adjusted to exclude the exchanged federal land.