Sec. 2. Definitions
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/bill/118/hr/8413/eh/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this Act: The term fair market value , with respect to a specified property right, means the most probable price, as of a specified date, in cash, terms equivalent to cash, or other precisely revealed terms, for which the specified property right should sell after reasonable exposure in a competitive market under all conditions requisite for a fair sale, with the buyer and seller each acting prudently, knowledgeably, and in the self-interest of the buyer or seller, as applicable, and assuming that the buyer and seller are not under undue duress.
The term Frontier County means Frontier County, Nebraska, acting through the Board of Commissioners of Frontier County. The term Hitchcock County means Hitchcock County, Nebraska, acting through the Board of Commissioners of Hitchcock County. The term Hugh Butler Reservoir means the Hugh Butler Lake and Red Willow Dam constructed as part of the Pick-Sloan Missouri Basin Program, Frenchman-Cambridge Division, as authorized by section 9 of the Act of December 22, 1944 (commonly known as the Flood Control Act of 1944 ) (58 Stat. 891, chapter 665).
The term Lakeview Lodge Management Agreement means the management agreement entitled Management Agreement between the Bureau of Reclamation, et al., for the Development, Operation, and Maintenance of a Concession Operation at Swanson Reservoir, Nebraska , numbered 23–LM–60–4160, and dated November 1, 2023. The term Lakeview Lodge Permitted Concession Land means the approximately 21.5 acres of land and water for the operation of a public concession at Swanson Reservoir, as generally depicted on the map prepared by the Bureau of Reclamation entitled Lakeview Lodge Concession Boundary and dated August 2023.
The term Red Willow Management Agreement means the management agreement entitled Management Agreement between the Bureau of Reclamation, et al., for the Development, Management, Operation, and Maintenance of a Concession Operation at Hugh Butler Reservoir, Nebraska , numbered 24–LM–60–5155, and dated March 7, 2024. The term Red Willow Permitted Cabin Land means the approximately 6.5 acres of land encompassing the 8 permitted cabin lots at the Hugh Butler Reservoir, as generally depicted on the map prepared by the Bureau of Reclamation entitled Red Willow Cabin Map and dated March 2024.
The term Red Willow Permitted Concession Land means the approximately 23 acres of land and water for the operation of a public service concession at the Hugh Butler Reservoir, as generally depicted on the map prepared by the Bureau of Reclamation entitled Red Willow Concession Boundary and dated August 2023. The term requested Federal land means each of the following parcels of land, or any subset of those parcels, with respect to which a title transfer agreement is executed:
The Lakeview Lodge Permitted Concession Land. The Red Willow Permitted Cabin Land. The Red Willow Permitted Concession Land. The Swanson Permitted Cabin Land. The Swanson Permitted Concession Land. The term Secretary means the Secretary of the Interior, acting through the Commissioner of Reclamation. The term State means the State of Nebraska. The term Swanson Management Agreement means the management agreement entitled Management Agreement between the Bureau of Reclamation, et al., for the Development, Management, Operation, and Maintenance of a Concession Operation at Swanson Reservoir, Nebraska , numbered 24–LM–60–5154, and dated April 19, 2024.
The term Swanson Permitted Cabin Land means the approximately 6.2 acres of land encompassing the 11 permitted cabin lots at the Swanson Reservoir, as generally depicted on the map prepared by the Bureau of Reclamation entitled Swanson Cabin Map and dated March 2024. The term Swanson Permitted Concession Land means the approximately 20 acres of land and water for the operation of a public service concession at the Swanson Reservoir, as generally depicted on the map prepared by the Bureau of Reclamation entitled Swanson Concession Boundary and dated August 2023.
The term Swanson Reservoir means the Swanson Reservoir and Trenton Dam constructed as part of the Pick-Sloan Missouri Basin Program, Frenchman-Cambridge Division, as authorized by section 9 of the Act of December 22, 1944 (commonly known as the Flood Control Act of 1944 ) (58 Stat. 891, chapter 665). The term title transfer agreement means a title transfer agreement entered into under section 3(a)(1) between the Secretary and Frontier County or Hitchcock County, as applicable, that establishes the legal, institutional, and financial terms for the conveyance of the applicable requested Federal land.
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Sec. 2
Definitions
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