Sec. 2. California state school land

207 words·~1 min read·/bill/116/hr/8849/ih/section-2

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Section 707 of the California Desert Protection Act of 1994 ( 16 U.S.C. 410aaa–77 ) is amended— in subsection (c), by adding at the end the following: Assembled land exchanges may be used to carry out this section through the sale of surplus Federal property and subsequent acquisitions of State school land. Past and future receipts from the sale of property described in subsection (a), less any costs incurred related to the sale, shall be deposited in a Special Deposit Fund Account established in the Treasury.

Funds accumulated in the Special Deposit Fund Account may be used by the Secretary, without an appropriation, to acquire State school lands or interest in the land consistent with this section. ; and by adding at the end the following: Any transaction completed pursuant to this section before January 1, 2018— is deemed to be in compliance with the terms of the October 26, 1995, Memorandum of Agreement between the commission, the general services administration, and the Secretary; and meets the requirements of subsection (a).

Any transaction completed pursuant to this section on or after January 1, 2018, that satisfies the terms of the October 26, 1995, Memorandum of Agreement shall be considered to be in compliance with subsection (a). .

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16 USC 410aaa–77

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Sec. 2

California state school land

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