Sec. 5. DISPOSITION OF PROCEEDS
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## SEC. 5 DISPOSITION OF PROCEEDS ###
(a)Land Sales Of the gross proceeds of sales of land under this Act in a fiscal year— ####
(1)5 percent shall be paid directly to the State of Nevada for use in the general education program of the State; ####
(2)10 percent shall be returned to the County for use as determined through normal county budgeting procedures, with emphasis given to support of schools, of which no amount may be used in support of litigation against the Federal Government; and ####
(3)the remainder shall be deposited in a special account in the Treasury of the United States (referred to in this section as the “special account”) for use as provided in subsection (b). ###
(b)Availability of Special Account ####
(1)In general Amounts in the special account (including amounts earned as interest under paragraph (3)) shall be available to the Secretary of the Interior, without further Act of appropriation, and shall remain available until expended, for— #####
(A)inventory, evaluation, protection, and management of unique archaeological resources (as defined in section 3 of the Archaeological Resources Protection Act of 1979 (16 U.S.C. 470bb)) in the County; #####
(B)development of a multispecies habitat conservation plan in the County; #####
(C)######
(i)reimbursement of costs incurred by the Nevada State Office and the Ely Field Office of the Bureau of Land Management in preparing sales under this Act, or other authorized land sales within the County, including the costs of land boundary surveys, compliance with the National Environmental Policy Act of 1969 (42 U.S.C. 4321 et seq.), appraisals, environmental and cultural clearances, and any public notice; and ######
(ii)processing public land use authorizations and rights-of-way stemming from development of the conveyed land; and #####
(D)the cost of acquisition of environmentally sensitive land or interests in such land in the State of Nevada, with priority given to land outside Clark County. ####
(2)Acquisition from willing sellers An acquisition under paragraph (1)(D) shall be made only from a willing seller and after consultation with the State of Nevada and units of local government under the jurisdiction of which the environmentally sensitive land is located. ###
(c)Investment of Special Account All funds deposited as principal in the special account shall earn interest in the amount determined by the Secretary of the Treasury on the basis of the current average market yield on outstanding marketable obligations of the United States of comparable maturities.
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