TRANSFER OF REVERSIONARY INTEREST.

SECTION 1. TRANSFER OF REVERSIONARY INTEREST. (a) Authorization.—If within one year after the date of enactment of this Act, the Secretary of the Interior (hereafter, “the Secretary”) receives from the Board of Commissioners of Bay County, Florida (hereafter, “the county”) the documents required by this Act, the Secretary is authorized and directed to take all actions necessary to release from the property described in subsection (b) the restriction that such property be forever used for recreational purposes, and to release and quitclaim all right, title and interest of the United States in the surface estate in such property to the county or its successors. The minerals in such property, and rights associated therewith, which were reserved to the United States shall continue to be so reserved. (b) Description.—The property referred to in subsection (a) is a parcel of land comprised of approximately 40 acres surface estate to which was conveyed to Bay County, Florida, pursuant to the Act entitled “An Act to authorize acquisition or use of public lands by States, counties, or municipalities for recreational purposes” (43 U.S.C. 869 et seq.), and is more particularly described as follows: Tallahassee Meridian, Florida Township 1 South, Range 14 West Section 15: Southwest quarter, southwest quarter.