#aaith ,,congress  #ast ,session  ,h4   
,r4 #ieb  ,,an ,,act  ,to convey the    
reversionary interest of the ,united    
,states in certain land in ,sacramento1 
,california4  #a4 ,short title ,this    
,act may be cited as the ,reversionary  
,interest ,conveyance ,act4  #b4        
,conveyance of ,united ,states interest 
in certain land  7a7 ,definitions ,in   
this section3  7#a7 ,covered land ,the  
term covered land means the             
approximately #h4dc acres of land under 
the administrative jurisdiction of the  
,bureau of ,land ,management in         
,sacramento1 ,california1 as generally  
depicted as ,proposed ,easements to be  
,released on the map titled ,lands      
,proposed for ,release from ,any and    
,all ,reversionary ,interests of the    
,united ,states1 including interests    
under the ,act of ,july #a1 #ahfb 7#ab  
,stat4 #dhi71 dated ,november #g1 #bjbb4
  7#b7 ,buyer  7,a7 ,the term buyer     
means the owner of record of any of the 
parcels included in the covered land at 

the time of the requested conveyance4   
7,b7 ,buyer may only request and        
purchase the covered land's reversionary
 interest for the parcels of which the  
owner is the owner of record at the time
 of request4  7#c7 ,reversionary        
interest ,the term reversionary interest
 means all reversionary interests of the
 ,united ,states in the covered land4   
7#d7 ,secretary ,the term ,secretary    
means the ,secretary of the ,interior1  
acting through the ,bureau of ,land     
,management4  7b7 ,conveyance ,not later
 than two years after the ,secretary    
receives a request from the buyer1 the  
,secretary shall offer to the buyer the 
applicable reversionary interest subject
 to the requirements in subsection 7c71 
and shall convey the lands to buyer upon
 payment of the appraised value4  7c7   
,requirements ,any conveyance under this
 section-- 7#a7 shall be subject to     
valid existing rights2 and  7#b7 shall  
be for not less than fair market value4 
7d7 ,payment of fair market value ,the  

,secretary shall determine the fair     
market value of the applicable          
reversionary interest--  7#a7 in        
accordance with the ,federal ,land      
,policy and ,management ,act of #aigf   
7#dc ,u4,s4,c4 #agja et seq472 and  7#b7
 based on an appraisal that is conducted
 in accordance with--  7,a7 the ,uniform
 ,appraisal ,standards for ,federal     
,land ,acquisitions2 and  7,b7 the      
,uniform ,standards of ,professional    
,appraisal ,practice4  7e7 ,costs ,in   
addition to the fair market value       
determined under subsection 7d71 the    
buyer shall pay all costs related to the
 applicable conveyance of the           
reversionary inter est1 including all   
surveys1 appraisals1 and other          
administrative costs4  7f7 ,proceeds    
from the sale of land ,the proceeds from
 the sale of the applicable reversionary
 interest 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 ,act4  #c4 ,statutory        
construction ,nothing in this ,act      
shall-- 7#a7 diminish the right-of-way  
associated with the covered land in     
section #b to a width of less than #ej  
feet on each side of the center of the  
main track or tracks established and    
maintained by the ,southern ,pacific    
,transportation ,company on the date of 
the enactment of this ,act2 or  7#b7    
validate or confirm any right or title  
to1 or interest in the land referred to 
in section #b arising out of adverse    
possession1 prescription1 or            
abandonment1 and not confirmed by       
conveyance made by the ,southern        
,pacific ,transportation ,company before
 the date of the enactment of this ,act4
  ,passed the ,house of ,representatives
 ,may #ac1 #bjbe4;,clerk4