S 1215

112th CONGRESS
1st Session

S. 1215

To provide for the exchange of land located in the Lowell National Historical Park, and for other purposes.

IN THE SENATE OF THE UNITED STATES

June 16, 2011

Mr. KERRY introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources

A BILL

To provide for the exchange of land located in the Lowell National Historical Park, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the `Lowell National Historical Park Land Exchange Act of 2011'.

SEC. 2. LAND EXCHANGE; LOANS.

    (a) Land Exchange- Section 202 of Public Law 95-290 (16 U.S.C. 410cc-22) is amended by adding at the end the following:

    `(d) Land Exchange-

      `(1) IN GENERAL- The Secretary may exchange any Federal land or interest in Federal land within the boundaries of the park for any non-Federal land or interest in non-Federal land owned by the State of Massachusetts, the city of Lowell, or the University of Massachusetts Building Authority.

      `(2) CONDITIONS- Except as provided in paragraph (3), any exchange under this subsection shall be subject to--

        `(A) the laws (including regulations) and policies applicable to exchanges of land administered by the National Park Service; and

        `(B) any other terms and conditions that the Secretary determines to be necessary.

      `(3) CASH EQUALIZATION-

        `(A) IN GENERAL- If facilities or infrastructure required for the management and operation of the park are located on the Federal land to be exchanged and the value of the Federal land and non-Federal land is not of equal value, the value shall be equalized by making a cash equalization payment to the Secretary.

        `(B) CASH EQUALIZATION PAYMENTS- Any cash equalization payments received by the Secretary under subparagraph (A) shall be--

          `(i) credited to a special account established in the Treasury; and

          `(ii) made available, without further appropriation, for the purpose of replacing the facilities and infrastructure located on the Federal land.

        `(C) LIMITATION- The Secretary shall not be required to equalize the value of the Federal land and non-Federal land exchanged under this subsection if the non-Federal land exceeds the value of the Federal land.'.

    (b) Loans to Lowell Development and Financial Corporation- Section 303(a)(1) of Public Law 95-290 (16 U.S.C. 410cc-33) is amended by striking `thirty-five years' and inserting `60 years'.

SEC. 3. AUTHORIZATION OF APPROPRIATIONS.

    There are authorized to be appropriated such sums as are necessary to carry out the amendments made by section 2.

END