,,ii  #aafth ,,congress  #ast ,session  
,s4 #bdd  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,january #bh1       
#bjai,ms4 ,mc,sally introduced the      
following bill2 which was read twice and
 referred to the ,committee on ,energy  
and ,natural ,resources  ,a ,,bill  ,to 
provide for the unencumbering of title  
to non-,federal land owned by           
,embry-,riddle ,aeronautical            
,university1 ,florida1 for purposes of  
economic development by conveyance of   
the ,federal reversionary interest to   
the ,university4  #a4 ,short title ,this
 ,act may be cited as the ,embry-,riddle
 ,tri-,city ,land ,exchange ,completion 
,act of #bjai4  #b4 ,definitions ,in    
this ,act3  7#a7 ,non-,federal land ,the
 term non-,federal land means the       
approximately #af-;acre parcel of       
,university land identified in section  
#c7;a7 of ,public ,law #aje-cfc 7#aab   
,stat4 #cbig74  7#b7 ,secretary ,the    
term ,secretary means the ,secretary of 
the ,interior4  7#c7 ,university ,the   

term ,university means ,embry-,riddle   
,aeronautical ,university1 ,florida4    
#c4 ,conveyance of ,federal reversionary
 interest in land located in ,yavapai   
,county1 ,arizona  7a7 ,conveyance  7#a7
 ,in general ,notwithstanding any other 
provision of law1 if after the          
completion of the appraisal required    
under subsection 7b71 the ,university   
submits to the ,secretary an offer to   
acquire the reversionary interests of   
the ,united ,states in and to the       
non-,federal land1 the ,secretary shall 
convey to the ,university the           
reversionary interests of the ,united   
,states in and to the non-,federal land 
for the purpose of unencumbering the    
title to the non-,federal land to enable
 economic development of the            
non-,federal land4  7#b7 ,legal         
descriptions ,as soon as practicable    
after the date of enactment of this     
,act1 the exact legal description of the
 non-,federal land shall be determined  
in a manner satisfactory to the         

,secretary4  7#c7 ,additional terms and 
conditions ,the ,secretary may require  
such additional terms and conditions to 
the conveyance under paragraph 7#a71    
consistent with this ,act1 as the       
,secretary considers appropriate to     
protect the interests of the ,united    
,states4  7#d7 ,costs ,the ,university  
shall pay all costs associated with the 
conveyance under paragraph 7#a71        
including the costs of the appraisal    
required under subsection 7b71 the costs
 of any surveys1 recording costs1 and   
other reasonable costs4  7b7 ,appraisal 
7#a7 ,in general ,not later than #ahj   
days after the date of enactment of this
 ,act1 the ,secretary shall complete an 
appraisal of the reversionary interests 
of the ,united ,states in and to the    
non-,federal land4  7#b7 ,applicable law
 ,the appraisal under paragraph 7#a7    
shall be completed in accordance with-- 
7,a7 the ,uniform ,appraisal ,standards 
for ,federal ,land ,acquisitions2 and   
7,b7 the ,uniform ,standards of         

,professional ,appraisal ,practice4  7c7
 ,consideration  7#a7 ,in general ,as   
consideration for the conveyance of the 
reversionary interests of the ,united   
,states in and to the non-,federal land 
under this ,act1 the ,university shall  
pay to the ,secretary an amount equal to
 the appraised value of the interests of
 the ,united ,states1 as determined     
under subsection 7b74  7#b7 ,deposit2   
use ,amounts received under paragraph   
7#a7 shall be-- 7,a7 deposited in the   
,federal ,land ,disposal ,account       
established by section #bjf7;a7 of the  
,federal ,land ,transaction             
,facilitation ,act 7#dc ,u4,s4,c4       
#bcje7;a772 and  7,b7 used in accordance
 with that ,act 7#dc ,u4,s4,c4 #bcja et 
seq474