Union Calendar No. 561
118th CONGRESS 2d Session |
[Report No. 118–665]
To provide for a land exchange in the Chippewa National Forest, Minnesota, and for other purposes.
March 17, 2023
Mr. Stauber (for himself, Mr. Finstad, Mrs. Fischbach, Mr. Huffman, and Mr. Neguse) introduced the following bill; which was referred to the Committee on Natural Resources
September 12, 2024
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
[Strike out all after the enacting clause and insert the part printed in italic]
[For text of introduced bill, see copy of bill as introduced on March 17, 2023]
To provide for a land exchange in the Chippewa National Forest, Minnesota, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Lake Winnibigoshish Land Exchange Act of 2024”.
In this Act:
(1) BWLT.—The term “BWLT” means Big Winnie Land and Timber, LLC, a Minnesota Limited Liability Corporation.
(3) FEDERAL LAND.—The term “Federal land” means the approximately 17.5 acres of Federal land in Itasca County, Minnesota, generally depicted as the “Federal Parcel” on the Map.
(a) Exchange authorized.—Subject to the provisions of this Act, if BWLT offers to convey the non-Federal land to the United States, the Secretary shall, not later than 1 year after the date on which such offer is made—
(b) Requirements.—The exchange under subsection (a) shall be—
(1) conditioned on title approval for the non-Federal land by the Secretary in accordance with subsection (e);
(2) conditioned on a cash equalization payment made by BWLT to the United States in accordance with subsection (c) if, under the appraisals conducted in accordance with this Act, it is determined that the value of the Federal land exceeds the value of the non-Federal land;
(c) Equal value and cash equalization.—
(1) IN GENERAL.—Except as provided in paragraph (2), the exchange under subsection (a) shall be for equal value or the values shall be equalized by a cash payment.
(2) EXCEPTION.—Notwithstanding any other provision of law, if the appraised value of the non-Federal land to be conveyed to the United States exceeds the appraised value of the Federal land, a cash equalization payment by the United States to BWLT is hereby waived and the amount of such waived payment shall be considered a donation by BWLT to the United States for all purposes of law.
(d) Appraisals.—
(e) Format.—Title to the non-Federal land to be conveyed to the United States under this Act shall be found sufficient by the Secretary pursuant to section 3111 of title 40, United States Code.
(f) Management of acquired land.—The non-Federal land acquired by the United States under subsection (a) shall be—
(g) Map and legal descriptions.—
(1) IN GENERAL.—As soon as practicable after the date of enactment of this Act, the Secretary shall finalize the Map and legal descriptions of all land to be conveyed under this Act.
(2) CONTROLLING DOCUMENT.—In the case of a discrepancy between the Map and a legal description, the legal description shall control.
(h) Closing costs.—As a condition for the exchange under subsection (a), BWLT shall pay all closing costs associated with the exchange, including for—
Union Calendar No. 561 | |||||
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[Report No. 118–665] | |||||
A BILL | |||||
To provide for a land exchange in the Chippewa National Forest, Minnesota, and for other purposes. | |||||
September 12, 2024 | |||||
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed |