HR 6223
110th CONGRESS
2d Session
H. R. 6223
To provide for the conveyance of certain Bureau of Land Management
land in the State of Nevada to the Las Vegas Motor Speedway, and for other
purposes.
IN THE HOUSE OF REPRESENTATIVES
June 10, 2008
Mr. HELLER of Nevada introduced the following bill; which was referred to
the Committee on Natural Resources
A BILL
To provide for the conveyance of certain Bureau of Land Management
land in the State of Nevada to the Las Vegas Motor Speedway, 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. DEFINITIONS.
(1) FEDERAL LAND- The term `Federal land' means the approximately 115 acres
of Bureau of Land Management land identified on the map as `Lands identified
for Las Vegas Speedway Parking Lot Expansion'.
(2) MAP- The term `map' means the map entitled `Las Vegas Motor Speedway
Improvement Act', dated February 4, 2005, and on file in the Office of the
Director of the Bureau of Land Management.
(3) SECRETARY- The term `Secretary' means the Secretary of the Interior.
SEC. 2. CONVEYANCE OF FEDERAL LAND TO NEVADA SPEEDWAY.
(a) In General- If, not later than 30 days after the date of completion of
the appraisal required under subsection (b), Nevada Speedway, LLC, submits
to the Secretary an offer to acquire the Federal land for the appraised value,
notwithstanding the land use planning requirements of section 202 and 203
of the Federal Land Policy and Management Act of 1976 (43 U.S.C. 1712, 1713),
the Secretary shall, not later than 45 days after the date of the offer, convey
to Nevada Speedway, LLC, all right, title, and interest in and to the Federal
land, subject to valid existing rights.
(1) IN GENERAL- Not later than 120 days after the date of enactment of this
Act, the Secretary shall complete an appraisal of the Federal land.
(2) APPLICABLE LAW- The appraisal under paragraph (1) shall be conducted
in accordance with--
(A) the Uniform Appraisal Standards for Federal Land Acquisitions; and
(B) the Uniform Standards of Professional Appraisal Practice.
(3) COSTS- All costs associated with the appraisal required under paragraph
(1) shall be paid by Nevada Speedway, LLC.
(c) Payment of Consideration- Not later than 30 days after the date on which
the Federal land is conveyed under subsection (a), as a condition of the conveyance,
Nevada Speedway, LLC, shall pay to the Secretary an amount equal to the appraised
value of the Federal land, as determined under subsection (b).
(d) Costs of Conveyance- As a condition of the conveyance, any costs of the
conveyance under subsection (a) shall be paid by Nevada Speedway, LLC.
(e) Reversion- If Nevada Speedway, LLC, or any subsequent owner of the Federal
land conveyed under subsection (a), uses the Federal land for purposes other
than a parking lot for the Nevada Speedway, all right, title, and interest
in and to the land (and any improvements to the land) shall revert to the
United States at the discretion of the Secretary.
(f) Disposition of Proceeds- The Secretary shall deposit the proceeds from
the conveyance of Federal land under subsection (a) in the Federal Land Disposal
Account established under section 206(a) of the Federal Land Transaction Facilitation
Act (43 U.S.C. 2305(a)).
SEC. 3. WITHDRAWAL OF FEDERAL LAND.
Except as provided in section 2(a) and subject to valid existing rights, the
Federal land is withdrawn from--
(1) all forms of entry, appropriation, and disposal under the public land
laws;
(2) location, entry, and patent under the mining laws; and
(3) operation of the mineral leasing, mineral materials, and geothermal
leasing laws.
END
