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Code · BILL · 116th Congress · H.R. 527 (Introduced in House) — To provide for a land exchange involving Federal land in the Superior National Forest in Minnesota acquired by the Se... · Sec. 4

Sec. 4. NorthMet Land Exchange

348 words·~2 min read·/bill/116/hr/527/ih/section-4

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Subject to section 5(c)(1) and other conditions imposed by this Act, if PolyMet offers to convey to the United States all right, title, and interest of PolyMet in and to the non-Federal land, the Secretary shall accept the offer and convey to PolyMet all right, title, and interest of the United States in and to the Federal land parcel. Subject to the conditions imposed by this Act, the NorthMet Land Exchange directed by this Act shall be consummated not later than 90 days after the date of enactment of this Act.
Title to the non-Federal land conveyed by PolyMet to the United States shall be by general warranty deed subject to existing rights of record, and otherwise conform to the title approval regulations of the Attorney General of the United States. The Federal land parcel shall be quitclaimed by the Secretary to PolyMet by an exchange deed. PolyMet shall pay or reimburse the Secretary, either directly or through the Collection Agreements, for all land survey, appraisal, land title, deed preparation, and other costs incurred by the Secretary in processing and consummating the NorthMet Land Exchange.
The Collection Agreements, as in effect on the date of the enactment of this Act, may be modified through the mutual consent of the parties. All funds paid or reimbursed to the Secretary under paragraph (1)— shall be deposited and credited to the accounts in accordance with the Collection Agreements; shall be used for the purposes specified for the accounts; and shall remain available to the Secretary until expended without further appropriation. Notwithstanding subsection (a), the United States shall reserve the mineral rights on approximately 181 acres of the Federal land parcel as generally identified on the map entitled Federal Land Parcel–NorthMet Land Exchange , and dated June 2017.
As set forth in the Final Record of Decision, PolyMet shall honor existing road and transmission line authorizations on the Federal land parcel. Upon relinquishment of the authorizations by the holders or upon revocation of the authorizations by the Forest Service, PolyMet shall offer replacement authorizations to the holders on at least equivalent terms.
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