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
To provide for the exchange of land located in the Lowell National Historical Park, and for other purposes.
This Act may be cited as
Lowell National Historical Park
Land Exchange Act of 2011 .
Land exchange; loans
Section 202 of Public Law 95–290 (16 U.S.C. 410cc–22) is amended by adding at the end the following:
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.
Except as provided in paragraph (3), any exchange under this subsection shall be subject to—
the laws (including regulations) and policies applicable to exchanges of land administered by the National Park Service; and
any other terms and conditions that the Secretary determines to be necessary.
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.
Cash equalization payments
Any cash equalization payments received by the Secretary under subparagraph (A) shall be—
credited to a special account established in the Treasury; and
made available, without further appropriation, for the purpose of replacing the facilities and infrastructure located on the Federal land.
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.
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
years and inserting
Authorization of appropriations
There are authorized to be appropriated such sums as are necessary to carry out the amendments made by section 2.