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provide for the exchange of land located in the Lowell National Historical Park,
and for other purposes.IN THE SENATE OF THE UNITED STATES
Mr. KERRY introduced the following bill; which was read
twice and referred to the Committee on Energy and Natural Resources
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
SEC. 2. LAND EXCHANGE; LOANS.
Exchange- Section 202 of Public Law 95-290 (16 U.S.C. 410cc-22) is amended by
adding at the end the following:
`(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.
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
`(B) any other terms and conditions
that the Secretary determines to be necessary.
`(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.'.
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
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.