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SECTION 1. SHORT TITLE.

This Act may be referred to as the ''Gallatin Range Consolidation
and Protection Act of 1993''.

SEC. 2. FINDINGS.

Congress finds that--
(1) the lands north of Yellowstone National Park possess
outstanding natural characteristics and wildlife habitats that give
the lands high value as lands added to the National Forest System;
and
(2) it is in the interest of the United States for the
Secretary, acting through the Forest Service, to enter into an
option agreement with Big Sky Lumber Company and Louisiana Pacific
Corporation to fulfill the purposes of this Act.

SEC. 3. BIG SKY LUMBER LAND EXCHANGE--GALLATIN AREA.

(a) In General.--Notwithstanding any other provision of law, the
Secretary of Agriculture (referred to in this Act as the ''Secretary'',
unless the context otherwise requires) shall acquire by exchange certain
lands and interests in lands of the Big Sky Lumber Company (referred to
in this Act as the ''Company''), in and adjacent to the Hyalite-
Porcupine-Buffalo Horn Wilderness Study Area, the Scapegoat Wilderness
Area, and other lands in the Gallatin National Forest in accordance with
this section.
(b) Description of Lands.--
(1) Offer and acceptance of land.--If the Company offers to the
United States acceptable fee title, including mineral interests, to
approximately 37,752 acres of land owned by the Company and
available for exchange, as depicted on two maps entitled ''Proposed
BSL Land Acquisitions'', East Half and West Half Gallatin National
Forest, dated February 1993 the Secretary shall accept a warranty
deed to the land.
(2) Exchange.--In exchange for the lands described in paragraph
(1) and subject to valid existing rights, the Secretary of the
Interior shall convey, by patent, the fee title to approximately
16,278 acres of National Forest System lands available for exchange
as depicted on the maps referred to in paragraph (1), and the five
maps entitled ''H.R. 873, the Gallatin Range Consolidation and
Protection Act of 1993'', Lolo and Flathead National Forest, subject
to--
(A) the reservation of ditches and canals required by the
first section of the Act entitled ''An Act making appropriations
for sundry civil expenses of the Government for the fiscal year
ending June thirtieth, eighteen hundred and ninety-one, and for
other purposes'', approved August 30, 1890 (26 Stat. 371,
chapter 837; 43 U.S.C. 945);
(B) the reservation of rights under Federal Oil and Gas
Lease numbers 49739, 55610, 40389, 53670, 40215, 33385, 53736,
and 38684; and
(C) such other terms, conditions, reservations, and
exceptions as may be agreed upon by the Secretary and the
Company.
(3) Termination of leases.--
(A) Vesting of rights and interests.--Upon termination or
relinquishment of the leases referred to in paragraph (2)(B),
all the rights and interests in such leases reserved under
paragraph (2)(B) shall immediately vest in the Company and its
successors and assigns.
(B) Notice.--The Secretary shall provide notice of the
termination or relinquishment of the leases referred to in
paragraph (2)(B) by a document suitable for recording in the
county in which the leased lands are located.
(c) Easements.--
(1) In general.--Reciprocal easements in accordance with this
subsection shall be conveyed at the time of the exchange authorized
by this section.
(2) Conveyance by the secretary.--The Secretary shall, in
consideration of the easements conveyed by the Company under
paragraph (3), and under the authority of section 2 of Public Law
88-257 (commonly known as the ''National Forest Roads and Trails
Act'') (16 U.S.C. 533), or the Federal Lands Policy and Management
Act of 1976 (43 U.S.C. 1701 et seq.), execute and deliver to the
Company such easements or other rights-of-way over federally owned
lands as may be agreed to by the Secretary and the Company.
(3) Conveyance by the company.--The Company shall, in
consideration of the easements conveyed by the Secretary under
paragraph (2), execute and deliver to the United States such
easements or other rights-of-way across Company-owned lands included
in this exchange as may be agreed to by the Secretary and the
Company.
(d) North Bridger Range.--
(1) Covenants and other restrictions.--As a condition of the
exchange, with respect to such lands depicted on the map entitled
''North Bridger Range'', dated May 1993, the Company shall agree
that--
(A) the holders, or their successors or assigns, of grazing
leases on such lands on the date of enactment of this Act shall
be permitted to continue to use such lands for grazing under
terms acceptable to the Company and the permittees for so long
as the Company owns such lands and for two years after the
Company has sold or disposed of such lands; and
(B) the timber harvest practices used on such lands shall be
conducted in accordance with Montana Forestry Best Management
Practices, the Montana Streamside Zone Management Law (Mont.
Code Ann. sec. 77-5-301 et seq.), and all other applicable laws
of the State of Montana.
(2) Future acquisition.--The Secretary shall consider the
desirability of possible acquisition, through exchange under
existing law, of any of the lands described in paragraph (1), and
shall, not later than one year after the date of enactment of this
Act, report to the Committee on Energy and Natural Resources of the
Senate and the Committee on Natural Resources of the House of
Representatives concerning the desirability of an exchange.
(e) Timing of Transaction.--
(1) Determination.--The Secretary shall review the title for the
non-Federal lands described in subsection (b), and the appraisal and
titles for the non-Federal lands described in sections 4 and 5, and,
within sixty days after receipt of all applicable appraisal and
title documents from the Company, determine whether--
(A) the applicable title standards for Federal land
acquisition have been satisfied or the quality of title is
otherwise acceptable to the Secretary;
(B) all draft conveyances and closing documents have been
received and approved;
(C) a current title commitment verifying compliance with
applicable title standards has been issued to the Secretary;
(D) the appraisals comply with applicable Forest Service
standards; and
(E) except as provided in section (8)(b), the title includes
both the surface and subsurface estates without reservation or
exception (except by the United States or the State of Montana,
by patent), including--
(i) minerals or mineral rights;
(ii) timber or timber rights; and
(iii) any other interest in the property.
(2) Conveyance of title.--In the event the appraisal and/or
quality of title do not meet Federal standards or are otherwise
determined unacceptable to the Secretary, the Secretary shall advise
the Company regarding corrective actions necessary to make an
affirmative determination under paragraph (1). The Secretary, acting
through the Chief of the Forest Service, shall effect the conveyance
of lands described in subsection (b)(2) not later than sixty days
after the Secretary has made an affirmative determination under
paragraph (1).
(f) Compliance With Option.--Notwithstanding section (3)(e)(2), the
Secretary shall not consummate the conveyance of lands described in
subsection (b)(2) until the Secretary has determined that title to the
lands described in sections 4 and 5 have been escrowed as required by
the document entitled ''Option Agreement for the Exchange and/or
Purchase of Real Property Pursuant to the Gallatin Range Consolidation
and Protection Act of 1993'' (referred to in this Act as ''the
Option''), executed by the Company, as seller.
(g) References.--References in this Act to the Company shall include
references to the successors and assigns of the Company.

SEC. 4. LAND CONSOLIDATION--PORCUPINE AREA.

(a) Acquisition of Porcupine Property.--The Secretary is authorized
and directed to acquire, by purchase or exchange, lands and interests in
lands listed as ''Exhibit A, Porcupine Area'', in the Option, in
accordance with the terms and conditions of the Option for the fair
market value of such lands and interests, determined at the time of
acquisition, in accordance with the appraisal standards specified in the
Option.
(b) Reports to Congress.--The Secretary shall report annually to the
Committee on Energy and Natural Resources of the Senate and the
Committee on Natural Resources of the House of Representatives, on the
status of the acquisition authorized by this section.

SEC. 5. LAND CONSOLIDATION--TAYLOR FORK AREA.

(a) Acquisition of Taylor Fork Property.--The Secretary is
authorized and directed to acquire, by purchase or exchange, lands and
interests in lands as listed as ''Exhibit A, Taylor Fork Area'', in the
Option, in accordance with the terms and conditions of the Option for
the fair market value of such lands and interests, determined at the
time of acquisition, in accordance with the appraisal standards
specified in the Option.
(b) Reports to Congress.--The Secretary shall report annually to the
Committee on Energy and Natural Resources of the Senate and the
Committee on Natural Resources of the House of Representatives, on the
status of the pending acquisition authorized by this section.

SEC. 6. LAND CONSOLIDATION--GALLATIN ROADED AREA.

(a) Acquisition of Gallatin Roaded Property.--The Secretary is
authorized and directed to acquire, by purchase or exchange, lands and
interests in lands as listed as ''Exhibit A, Gallatin Roaded'', in the
Option, in accordance with the terms and conditions of the Option not
otherwise acquired, purchased, or exchanged under section 3, 4, or 5.
(b) Reports to Congress.--The Secretary shall report annually to the
Committee on Energy and Natural Resources of the Senate and the
Committee on Natural Resources of the House of Representatives, on the
status of the acquisition authorized by this section.

SEC. 7. SEVERED MINERAL EXCHANGE.

(a) Findings.--Congress finds that--
(1) underlying certain areas in Montana described in subsection
(b) are mineral rights owned by subsidiaries of Burlington
Resources, Incorporated and its successors and assigns (referred to
in this Act as ''Burlington'');
(2) there are federally owned minerals underlying lands of
Burlington lying outside those areas;
(3) Burlington has agreed in principle with the Secretary to an
exchange of mineral rights to consolidate surface and subsurface
ownerships and to avoid potential conflicts with the surface
management of the areas; and
(4) it is desirable that an exchange of lands be completed not
later than two years after the date of enactment of this Act.
(b) Mineral Interests.--
(1) Acquisition.--Pursuant to an exchange agreement between the
Secretary and Burlington, the Secretary may acquire mineral
interests owned by Burlington or an affiliate of Burlington
underlying surface lands owned by the United States located in the
areas depicted on the maps entitled ''Severed Minerals Exchange,
Clearwater-Monture Area'', dated September 1988, and ''Severed
Mineral Exchanges, Gallatin Area'', dated September 1988, or in
fractional sections adjacent to the areas depicted on the maps.
(2) Exchange.--In exchange for the mineral interests conveyed to
the Secretary pursuant to paragraph (1), the Secretary of the
Interior shall convey, subject to valid existing rights, such
federally owned mineral interests as the Secretary and Burlington
may agree upon.
(c) Equal Value.--
(1) In general.--The value of the mineral interests exchanged
under subsection (b) shall be approximately equal in value based
upon available information.
(2) Appraisal.--To ensure that the wilderness or other natural
values of the area are not affected by the exchange, a formal
appraisal based upon drilling or other surface disturbing activities
shall not be required for any mineral interest proposed for
exchange, except that the Secretary and Burlington shall fully share
all available information on the quality and quantity of mineral
interests proposed for exchange.
(3) Inadequate information.--In the absence of adequate
information regarding values of minerals proposed for exchange, the
Secretary and Burlington may agree to an exchange on the basis of
mineral interests of similar development potential, geologic
character, and similar factors.
(d) Identification of Federally Owned Mineral Interests.--
(1) In general.--Subject to paragraph (2), mineral interests
conveyed by the United States pursuant to this section shall
underlie lands the surface of which are owned by Burlington.
(2) Other interests.--If there are not sufficient federally
owned mineral interests of approximately equal value underlying
lands owned by Burlington, the Secretary and the Secretary of the
Interior may identify for exchange other federally owned mineral
interests in lands in the State of Montana of which the surface
estate is in private ownership.
(e) Consultation With the Department of the Interior.--
(1) In general.--The Secretary shall consult with the Secretary
of the Interior in the negotiation of the exchange agreement
authorized by subsection (b), particularly with respect to the
inclusion in the agreement of a provision authorizing the exchange
of federally owned mineral interests lying outside the boundaries of
units of the National Forest System.
(2) Conveyance.--Notwithstanding any other law, the Secretary of
the Interior shall convey the federally owned mineral interests
identified in a final exchange agreement between the Secretary of
Agriculture and Burlington and affiliates of Burlington.
(f) Mineral Interest Defined.--For purposes of this section, the
term ''mineral interests'' includes all locatable and leasable minerals,
including oil and gas, geothermal resources, and other subsurface
rights.

SEC. 8. GENERAL PROVISIONS.

(a) Maps.--The maps referred to in sections 3, 4, 5, 6, and 7 are
subject to such minor corrections as may be agreed upon by the Secretary
and the Company. The Secretary shall notify the Committee on Energy and
Natural Resources of the United States Senate and the Committee on
Natural Resources of the United States House of Representatives of any
corrections made pursuant to the subsection. The maps shall be on file
and available for public inspection in the office of Chief, Forest
Service, USDA.
(b) Title of Lands Conveyed to the United States.--
(1) Quality of title and rights.--Subject to paragraph (2), the
rights, title, and interests to lands conveyed to the United States
under sections 4, 5, and 6 shall, at a minimum, consist of the
surface estate and the subsurface rights owned by the Company or
Burlington where applicable.
(2) Exception.--The Secretary may accept title subject to
outstanding or reserved oil and gas and geothermal rights, except
that there shall be no surface occupancy permitted on the lands
acquired by the United States under sections 4, 5, and 6 for access
to reserved or outstanding rights or exploration or development of
such lands.
(3) Access.--No portion of lands acquired by the United States
under this Act shall be available for access to, or exploration or
development of, any reserved or outstanding oil, gas, geothermal, or
other non-Federal property interest.
(c) National Forest Lands.--
(1) In general.--All lands conveyed to the United States under
this Act shall be added to and administered as part of the Gallatin
National Forest of the National Forest System by the Secretary in
accordance with the laws and regulations pertaining to the National
Forest System.
(2) Hyalite-porcupine-buffalo horn wilderness study area.--Lands
acquired within the Hyalite-Porcupine-Buffalo Horn Wilderness Study
Area shall be managed to maintain their presently existing
wilderness character and potential for inclusion in the National
Wilderness Preservation System in accordance with the Montana
Wilderness Study Act of 1977 (16 U.S.C. 1132 note).

SEC. 9. AUTHORIZATION OF APPROPRIATIONS.

There are authorized to be appropriated such sums as are necessary
to carry out this Act.

Speaker of the House of Representatives.

Vice President of the United States and
President of the Senate.
Gallatin Range Consolidation and Protection Act of 1993 - Directs the Secretary of Agriculture to acquire: (1) by exchange from the Big Sky Lumber Company, specified lands and interests north of Yellowstone National Park, including land in and adjacent to the Hyalite-Porcupine-Buffalo Horn Wilderness Study Area, the Scapegoat Wilderness Area, and other lands in the Gallatin National Forest; and (2) by purchase or exchange from the Company, lands and interests in the Porcupine Area, the Taylor Fork Area, and the Gallatin Area. Requires the Secretary of the Interior to convey National Forest System lands as part of such exchange. Sets forth conditions for such exchange with respect to leases and easements. Provides for the continuation of grazing on the North Bridger Range lands and requires timber harvest practices on such lands to be in accordance with the laws of the State of Montana. Authorizes the Secretary of Agriculture, pursuant to an agreement with Burlington Resources, Incorporated, to acquire mineral interests owned by Burlington underlying surface lands owned by the United States and located within the Clearwater-Monture Area and the Gallatin Area. Requires such acquisition to be made through exchange to Burlington of other federally owned mining interests that the parties may agree to. Requires consultation with the Secretary of the Interior in the negotiation of such exchange. Requires all lands conveyed to the United States under this Act to be added to and administered as part of the Gallatin National Forest. Authorizes appropriations.

SECTION 1. SHORT TITLE.
This Act may be cited as the ''American Innovation $1 Coin Act''.
SEC. 2. AMERICAN INNOVATION $1 COIN PROGRAM.
Section 5112 of title 31, United States Code, is amended by
inserting after subsection (v) the following new subsection:
''(w) Redesign and Issuance of $1 Coins Honoring Innovation and
Innovators From Each State, the District of Columbia, and Each
Territory.--
''(1) Redesign beginning in 2019.--
''(A) In general.--Notwithstanding subsection (d)(1) and
subsection (d)(2) and in accordance with the provisions of this
subsection, during the 14-year period beginning on January 1,
2019 (or such later date as provided under subparagraph
(B)(ii)), the Secretary of the Treasury shall mint and issue $1
coins to be known as 'American Innovation $1 coins', that--
''(i) have designs on the obverse selected in
accordance with paragraph (2)(A); and
''(ii) have a design on the reverse selected in
accordance with paragraph (2)(B).
''(B) Continuity provisions.--
''(i) In general.--Notwithstanding subparagraph (A),
the Secretary shall continue to mint and issue $1 coins
honoring Native Americans and their contributions in
accordance with subsection (r).
''(ii) First coin.--Notwithstanding subparagraph (A),
if the Secretary finds that it is feasible and cost-
effective, the Secretary may mint and issue a $1 coin in
2018 to introduce the series of coins described in this
subsection, that--

''(I) has the obverse described under paragraph
(2)(A);
''(II) has a reverse that bears the inscription
'United States of America' and 'American Innovators'
and a representation of the signature of President
George Washington on the first United States patent
issued;
''(III) has the edge-incusing described under
paragraph (2)(C); and
''(IV) the design for which has reviewed by the
Citizens Coinage Advisory Committee.

''(C) Definition of territory.--For purposes of this
subsection, the term 'territory' means the Commonwealth of
Puerto Rico, Guam, American Samoa, the United States Virgin
Islands, and the Commonwealth of the Northern Mariana Islands.
''(2) Design requirements.--Notwithstanding subsection (d)(1)
and subsection (d)(2), the $1 coins issued in accordance with
paragraph (1)(A) shall meet the following design requirements:
''(A) Coin obverse.--The common design on the obverse of
each coin issued under this subsection shall contain--
''(i) a likeness of the Statue of Liberty extending to
the rim of the coin and large enough to provide a dramatic
representation of Liberty;
''(ii) the inscription '$1'; and
''(iii) the inscription 'In God We Trust'.
''(B) Coin reverse.--The design on the reverse of each coin
issued under this subsection shall bear the following:
''(i) An image or images emblematic of one of the
following from one of the 50 States, the District of
Columbia, or the territories of the United States:

''(I) A significant innovation.
''(II) An innovator.
''(III) A group of innovators.

''(ii) The name of the State, the District of Columbia,
or territory, as applicable.
''(iii) The inscription 'United States of America'.
''(C) Edge-incused inscriptions.--
''(i) In general.--The inscription of the year of
minting or issuance of the coin, the mint mark, and the
inscription 'E Pluribus Unum' shall be edge-incused into
the coin.
''(ii) Preservation of distinctive edge.--The edge-
incusing of the inscriptions under clause (i) on coins
issued under this subsection shall be done in a manner that
preserves the distinctive edge of the coin so that the
denomination of the coin is readily discernible, including
by individuals who are blind or visually impaired.
''(3) Issuance of coins commemorating innovation or
innovators.--
''(A) Order of issuance.--
''(i) In general.--The coins issued under this
subsection commemorating either an innovation, an
individual innovator, or a group of innovators, from each
State, the District of Columbia, or a territory shall be
issued in the following order:

''(I) State.--With respect to each State, the coins
shall be issued in the order in which the States
ratified the Constitution of the United States or were
admitted into the Union, as the case may be.
''(II) District of columbia and territories.--After
all coins are issued under subclause (I), the coins
shall be issued for the District of Columbia and the
territories in the following order: the District of
Columbia, the Commonwealth of Puerto Rico, Guam,
American Samoa, the United States Virgin Islands, and
the Commonwealth of the Northern Mariana Islands.

''(ii) Application in event of the admission of
additional states.--Notwithstanding clause (i), if any
additional State is admitted into the Union before the end
of the 14-year period referred to in paragraph (1), the
Secretary of the Treasury may issue a $1 coin with respect
to the additional State in accordance with clause (i)(I).
''(iii) Application in the event of independence or
adding of a territory.--Notwithstanding clause (i)--

''(I) if any territory becomes independent or
otherwise ceases to be a territory of the United States
before $1 coins are minted pursuant to this subsection,
the subsection shall cease to apply with respect to
such territory; and
''(II) if any new territory is added to the United
States, $1 coins shall be issued for such territories
in the order in which the new the territories are
added, beginning after the $1 coin is issued for the
Commonwealth of the Northern Mariana Islands.

''(B) Issuance of coins commemorating four innovations or
innovators during each of 14 years.--
''(i) In general.--Four $1 coin designs as described in
this subsection shall be issued during each year of the
period referred to in paragraph (1) until 1 coin featuring
1 innovation, an individual innovator, or a group of
innovators, from each of the States, the District of
Columbia, and territories has been issued.
''(ii) Number of coins of each design.--The Secretary
shall prescribe, on the basis of such factors as the
Secretary determines to be appropriate, the number of $1
coins that shall be issued with each of the designs
selected for each year of the period referred to in
paragraph (1).
''(4) Selection of concept and design.--
''(A) Concept.--With respect to each State, the District of
Columbia, and each territory to be honored with a coin under
this subsection, the selection of the significant innovation,
innovator, or group of innovators to be borne on the reverse of
such coin shall be made by the Secretary of the Treasury, after
consultation with the Governor or other chief executive of the
State, the District of Columbia, or territory with respect to
which a coin is to be issued under this subsection.
''(B) Design.--Each of the designs required under this
subsection shall be selected by the Secretary after--
''(i) consultation with--

''(I) the Governor or other chief executive of the
State, the District of Columbia, or territory with
respect to which a coin is to be issued under this
subsection; and
''(II) the Commission of Fine Arts; and

''(ii) review by the Citizens Coinage Advisory
Committee.
''(C) Selection and approval process.--Proposals for
designs for $1 coins under this subsection may be submitted in
accordance with the design selection and approval process
developed by the Secretary in the sole discretion of the
Secretary.
''(D) Standards.--Because it is important that the Nation's
coinage and currency bear dignified designs of which the
citizens of the United States can be proud, the Secretary shall
not select any frivolous or inappropriate design for any $1
coin minted under this subsection.
''(E) Prohibition on certain representations.--No head and
shoulders portrait or bust of any person and no portrait of a
living person may be included in the design of any coin issued
under this subsection.
''(5) Treatment as numismatic items.--For purposes of sections
5134 and 5136, all $1 coins minted under this subsection shall be
considered to be numismatic items.
''(6) Issuance of numismatic coins.--The Secretary may mint and
issue such number of $1 coins of each design selected under this
subsection in uncirculated and proof qualities as the Secretary
determines to be appropriate.
''(7) Termination of program.--The issuance of coins under this
subsection shall terminate when one innovation, an individual
innovator, or a group of innovators, from each State, the District
of Columbia, and each territory has been honored and may not be
resumed except by an Act of Congress.''.

Speaker of the House of Representatives.

Vice President of the United States and
President of the Senate.
American Innovation $1 Coin Act (Sec. 2) This bill directs the Department of the Treasury, over a 14-year period beginning in 2019, to mint and issue "American Innovation" $1 coins commemorating innovation and innovators from each state, each U.S. territory, and the District of Columbia. Such coins shall be issued in the order in which the states ratified the Constitution or were admitted into the Union. After all such coins are issued, coins shall be issued for the District of Columbia and the territories. Treasury shall issue four coins per year until a coin has been issued for each jurisdiction. Neither the bust of any person nor the portrait of any living person may be included in the design of the coins. The bill instructs Interior to continue to mint and issue $1 coins honoring Native Americans and their contributions.

SECTION 1. SHORT TITLE.

This Act may be cited as the ''Fiscal Accountability and
Transparency in Infrastructure Spending Act of 2011''.

SEC. 2. DEFINITIONS.

In this Act:
(1) Agency.--The term ''agency'' has the meaning given the
term ''Executive agency'' in section 105 of title 5, United
States Code.
(2) Alternate infrastructure type bidding.--The term
''alternate infrastructure type bidding'' means a process under
which a Federal, State or local agency determines, from
engineering and economic analysis, that 2 or more initial
project designs utilizing different construction materials and
methods and their forecasted performance and life-cycle costs
are comparable or similar enough to warrant solicitation of
bids on more than 1 design for a project.
(3) Life-cycle cost analysis.--The term ''life-cycle cost
analysis'' means a process for evaluating the total economic
worth of an infrastructure project by analyzing initial costs
and discounted future costs, such as structural maintenance,
user costs, reconstruction, rehabilitation, restoring, and
resurfacing costs, over at least a 50-year period.
(4) Major infrastructure projects.--The term ''major
infrastructure projects'' means highway, transit, rail
(including high-speed passenger rail), airport, seaport, public
housing, energy, water, bridge, and military construction
projects, including those authorized under titles 23, 40, and
49, United States Code, for which the total Federal cost
estimated by the Federal or State government, including the
cost of materials, is not less than $5,000,000.
(5) Mechanistic-empirical pavement design guide.--The term
''Mechanistic-Empirical Pavement Design Guide'' means the
pavement design guide and software, developed under National
Cooperative Highway Research Program Project 1-37A, providing a
uniform basis for the design of flexible, rigid, and composite
pavements, using mechanistic-empirical approaches.

SEC. 3. LIFE-CYCLE COST ANALYSIS.

(a) Requirement To Obtain Life-Cycle Cost Analysis.--Not later than
1 year after the date of the enactment of this Act, each agency shall
obtain a life-cycle cost analysis based on the standards developed by
the Office of Management and Budget pursuant to subsection (c) for each
major infrastructure project prior to obligating funds.
(b) Sources of Life-Cycle Cost Analysis.--The life-cycle cost
analysis required under subsection (a) may be obtained from State or
local governments, or private sector entities.
(c) Guidance.--
(1) Development.--Not later than 6 months after the date of
the enactment of this Act, the Director of the Office of
Management and Budget, in consultation with the American
Association of State Highway and Transportation Officials,
shall issue a circular that provides guidance to agencies on
implementing the requirements under subsection (a).
(2) Requirements.--In developing the circular required
under paragraph (1), the Director shall--
(A) provide the public with notice and opportunity
to comment before issuing the circular;
(B) consider the principles contained in section 2
of Executive Order 12893, ''Principles for Federal
Infrastructure Investments'' (January 31, 1994; 59 Fed.
Reg. 4233); and
(C) require that any analysis obtained pursuant to
subsection (a)--
(i) be conducted over at least a 50-year
valuation period; and
(ii) use actual material life and
maintenance cost data.
(d) Transparency.--Any life-cycle analysis obtained by an agency
pursuant to subsection (a) shall be posted on the agency's Web site not
later than 72 hours after it is received.

SEC. 4. FLEXIBILITY TO USE ALTERNATE INFRASTRUCTURE TYPE BIDDING
PROCEDURES.

(a) Application to National Highway System.--A State transportation
department or local transportation agency may, in its sole discretion,
award contracts for projects on the National Highway System pursuant to
alternate infrastructure type bidding procedures.
(b) Application to Other Major Infrastructure Programs.--
Notwithstanding any other provision of law, Federal, State and local
governments may award contracts for major infrastructure projects
pursuant to alternate infrastructure type bidding procedures.

SEC. 5. MECHANISTIC-EMPIRICAL PAVEMENT DESIGN GUIDE.

Not later than 1 year after the date of enactment of this Act, the
Secretary of Transportation shall require States to utilize the
Mechanistic-Empirical Pavement Design Guide for the initial design
phase of all projects authorized under title 23, United States Code.
Fiscal Accountability and Transparency in Infrastructure Spending Act of 2011 - Requires each executive agency to obtain a life-cycle cost analysis for each major infrastructure project prior to obligating funds. Defines "life-cycle cost analysis" as a process for evaluating the total economic worth of an infrastructure project by analyzing specified costs over a minimum 50-year period.

Authorizes the use of alternate infrastructure type bidding procedures for awarding contracts for projects on the National Highway System and for major infrastructure projects.

Requires the Secretary of Transportation to require states to utilize the Mechanistic-Empirical Pavement Design Guide (developed under the National Cooperative Highway Research Program Project I-37A)for the initial design phase of all authorized highway projects.