,,ii #aacth ,,congress #b;d ,session ,s4 #bich ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,november #ah1 #bjad,mrs4 ,boxer 7for herself and ,mrs4 ,feinstein7 introduced the following bill2 which was read twice and referred to the ,committee on ,energy and ,natural ,resources ,a ,,bill ,to provide to the ,secretary of the ,interior a mechanism to cancel contracts for the sale of materials ,,ca-#bjaci and ,,ca-#bbija1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,soledad ,canyon ,settlement ,act4 #b4 ,definitions ,in this ,act3 7#a7 ,city of ,santa ,clarita ,the term ,city of ,santa ,clarita means the ,city of ,santa ,clarita1 ,california4 7#b7 ,city of ,victorville ,the term ,city of ,victorville means the ,city of ,victorville1 ,california4 7#c7 ,contracts ,the term contracts means the ,bureau of ,land ,management mineral contracts numbered ,,ca-#bjaci and ,,ca-#bbija4 7#d7 ,contract holder ,the term contract holder means the private party to the contracts1 and any successors that hold legal interests in the contracts4 7#e7 ,county of ,san ,bernardino ,the term ,county of ,san ,bernardino means the ,county of ,san ,bernardino1 ,california4 7#f7 ,map ,the term ,map means the map entitled ,victorville disposal area1 ,california and dated ,march #bjaa4 7#g7 ,secretary ,the term ,secretary means the ,secretary of the ,interior4 7#h7 ,victorville disposal area ,the term ,victorville disposal area means the #aj1bjf4je acres of land identified for disposal in the ,west ,mojave ,land ,management ,plan 7#bjjf7 of the ,bureau of ,land ,management and depicted on the ,map4 #c4 ,appraisal2 compensation to contract holder 7a7 ,appraisals 7#a7 ,contract appraisal 7,a7 ,in general ,not later than #ij days after the date of enactment of this ,act1 the ,secretary shall determine by mineral appraisal1 using the discounted cash flow method of appraisal 7in accordance with the appraisal guidelines for appraisals of large quantities of mineral materials contained in section ,,iv7,e7 of ,,blm ,mineral ,material ,appraisal ,handbook ,h-#cfcj7-- 7i7 the fair market value of the contracts2 and 7ii7 the amount of royalties the ,federal ,government would receive under the contracts over the #aj-year period beginning on the date of enactment of this ,act4 7,b7 ,considerations ,in making the determination under subparagraph 7,a71 the ,secretary shall assume that-- 7i7 the contract holder has obtained all the permits and entitlements necessary to mine1 produce1 and sell sand and gravel under the contract2 and 7ii7 mining operations under the contract have commenced at the time of the determination1 with maximum annual production volumes that-- 7,i7 are based on the projected supply and demand outlook at the time of determination2 and 7,,ii7 reflect depletion of the reserves that are subject to the contract within the effective periods of the contract4 7,c7 ,donation ,the ,secretary shall provide to the contract holder and the ,city of ,santa ,clarita a list of approved appraisers from which the parties shall select and provide the funding to cover the costs of the appraisal under subparagraph 7,a74 7#b7 ,land appraisal 7,a7 ,in general ,not later than #ij days after the date of enactment of this ,act1 the ,secretary shall determine by appraisal standards under existing laws and regulations1 the fair market value of the ,victorville disposal area on a net present value basis4 7,b7 ,donation ,the ,secretary shall provide to the contract holder and the ,city of ,santa ,clarita a list of approved appraisers from which the parties shall select and provide the funding to cover the costs of the appraisal under subparagraph 7,a74 7b7 ,compensation 7#a7 ,in general ,subject to paragraph 7#b71 not later than #cj days after completion of the appraisals under subsection 7a71 the ,secretary shall offer the contract holder compensation for the cancellation of the contracts4 7#b7 ,conditions on offer ,an offer made by the ,secretary under paragraph 7#a7 shall be subject to the following conditions3 7,a7 ,the cancellation of the contracts and the provision of compensation shall be contingent on the availability of funds from the sale of the ,victorville disposal area under section #d1 and any additional compensation provided under subparagraph 7,d71 as determined necessary by the ,secretary4 7,b7 ,the amount of compensation offered by the ,secretary under this subsection shall be equal to or less than the fair market value of the contracts1 as determined under subsection 7a77#a77;,a77i74 7,c7 ,the amount of compensation offered by the ,secretary under this subsection shall be equal to or less than the projected revenues generated by the sale of the ,victorville disposal area under section #d1 less the projected lost royalties to the ,federal ,government over the #aj-year period beginning on the date of enactment of this ,act1 as determined under subsection 7a77#a77;,a77ii74 7,d7 ,if the amount of projected revenues described in subparagraph 7,c7 is less than the fair market value determined under subsection 7a77#a77;,a77i71 the ,secretary shall1 not later than #fj days after the date on which the ,director of the ,bureau of ,land ,management determines the projected revenues under subparagraph 7,c71 negotiate an agreement with the contract holder and the ,city of ,santa ,clarita to provide to the ,secretary amounts equal to the difference1 in the form of-- 7i7 compensation to be received by the contract holder2 and 7ii7 compensation in a form acceptable to the ,secretary to be provided by the ,city of ,santa ,clarita4 7#c7 ,acceptance of offer 7,a7 ,in general ,the contract holder shall have #fj days from the later of the date on which the ,secretary makes the offer under paragraph 7#a7 or an agreement is negotiated under paragraph 7#b77;,d7 to accept the offer or agreement4 7,b7 ,failure to accept offer ,if the contract holder does not accept the offer under paragraph 7#a7 or if an agreement is not negotiated under paragraph 7#b77;,d7 within the time period described in subparagraph 7,a71 the contracts shall remain in effect and no further actions shall taken be taken pursuant to this ,act4 #d4 ,sale of land near ,victorville1 ,california 7a7 ,in general ,notwithstanding sections #bjb and #bjc of the ,federal ,land ,policy and ,management ,act of #aigf 7#dc ,u4,s4,c4 #agab1 #agac7 and subject to subsections 7b7 through 7f71 not later than #b years after the date of enactment of this ,act1 the ,secretary shall place on the market and offer for sale by competitive bidding and in a manner designed to obtain the highest price possible1 all right1 title1 and interest of the ,united ,states in and to the ,victorville disposal area4 7b7 ,availability of ,map ,the ,secretary shall keep the ,map on file and available for public inspection in-- 7#a7 the office of the ,director of the ,bureau of ,land ,management2 and 7#b7 the district office of the ,bureau of ,land ,management located in ,barstow1 ,california4 7c7 ,right of ,local ,land ,use ,authority ,to ,purchase ,certain ,land 7#a7 ,in general ,before a sale of land under subsection 7a71 the ,secretary shall provide to the applicable local land use authority an exclusive preemptive right1 as determined under ,state law1 to purchase any right1 title1 or interest of the ,united ,states in and to any portion of the parcels of land identified as ,area ,a and ,area ,b on the ,map that is located within the jurisdiction of the local land use authority4 7#b7 ,timing ,a preemptive right under paragraph 7#a7 shall be in effect for a period of #cj days before the land is sold under subsection 7a74 7#c7 ,authority ,during the period described in paragraph 7#b71 the local land use authority may purchase some or all of the right1 title1 and interest of the ,united ,states1 as provided in subsection 7a71 in and to the land to be offered for sale at fair market value1 as determined by an appraisal conducted by the ,secretary4 7#d7 ,exercising right ,if the local land use authority exercises the preemptive right under paragraph 7#a71 the ,secretary shall convey the land to the local land use authority immediately on payment by the local land use authority of the entire purchase price of the applicable parcel of land4 7#e7 ,failure to pay ,failure by the local land use authority to purchase and pay for the right1 title1 and interest of the ,united ,states in and to the land described in paragraph 7#a7 within the time period described in paragraph 7#b7 and to comply with any other terms and conditions as the ,secretary may require shall terminate the preemptive right of the local land use authority with respect to the right1 title1 and interest offered for sale4 7d7 ,withdrawal and ,reservation 7#a7 ,withdrawal ,subject to valid existing rights1 the land described in subsection 7a7 is withdrawn from-- 7,a7 entry1 appropriation1 or disposal under the public land laws2 7,b7 location1 entry1 and patent under the mining laws2 and 7,c7 operation of the mineral leasing1 mineral materials1 and geothermal leasing laws4 7#b7 ,reservation ,in any sale or other disposal of land under this section1 there shall be reserved by the ,united ,states the right of the ,united ,states to prospect for1 mine1 and remove minerals from the conveyed land4 7e7 ,consultation ,in addition to any consultation otherwise required by law1 before initiating efforts to dispose of land under this section1 the ,secretary shall consult with the ,city of ,victorville1 the ,county of ,san ,bernardino1 and surface owners in the jurisdiction in which the land is located regarding the potential impact of the disposal and other appropriate aspects of the disposal4 7f7 ,account ,the gross proceeds of a sale of land under subsection 7a7 shall be deposited in an account acceptable to the ,secretary and available only for the purposes of carrying out this ,act4 #e4 ,cancellation of contracts 7a7 ,in general ,on completion of the compensation to the contract holder for the value of each contract in accordance with subsection 7b71 the ,secretary shall cancel the contracts and withdraw those areas that were subject to the contracts from further mineral entry under all mineral leasing and sales authorities available to the ,secretary4 7b7 ,compensation2 cancellation2 retention of funds 7#a7 ,in general ,subject to paragraph 7#c71 the ,secretary shall provide to the contract holder the compensation agreed to under section #c7;b7 by disbursement of amounts from the account1 in #d equal payments1 as funds are available2 7#b7 ,cancellation 7,a7 ,contract ,,ca-#bjaci ,on completion of the first #b payments to the contract holder under paragraph 7#a71 the ,secretary shall cancel contract ,,ca-#bjaci4 7,b7 ,contract ,,ca-#bbija ,on completion of the remaining #b payments to the contract holder under paragraph 7#a71 the ,secretary shall cancel contract ,,ca-#bbija4 7#c7 ,retention of funds ,the ,secretary shall retain sufficient funds to cover the projected lost royalties determined under section #c7;a77#a77;,a77ii74 7c7 ,release and waiver ,upon acceptance and receipt of compensation under subsection 7b71 the contract holder shall waive all claims against the ,united ,states arising out of1 or relating to1 the cancellation of the contracts4