TARGHEE NATIONAL FOREST LAND EXCHANGE.

SEC. 301. TARGHEE NATIONAL FOREST LAND EXCHANGE. (a) Conveyance.—Notwithstanding the requirements in the Act entitled “An Act to Consolidate National Forest Lands”, approved March 20, 1922 (16 U.S.C. 485), and section 206(b) of the Federal Land Policy and Management Act of 1976 (43 U.S.C. 1716(b)) that Federal and non-Federal lands exchanged for each other must be located within the same State, the Secretary of Agriculture may convey the Federal lands described in subsection (d) in exchange for the non-Federal lands described in subsection (e) in accordance with the provisions of this section. (b) Applicability of Other Provisions of Law.—Except as otherwise provided in this section, the land exchange authorized by this section shall be made under the existing authorities of the Secretary. (c) Acceptability of Title and Manner of Conveyance.—The Secretary shall not carry out the exchange described in subsection (a) unless the title to the non-Federal lands to be conveyed to the United States, and the form and procedures of conveyance, are acceptable to the Secretary. (d) Federal Lands.—The Federal lands referred to in this section are located in the Targhee National Forest in Idaho, are generally depicted on the map entitled “Targhee Exchange, Idaho- Wyoming—Proposed, Federal Land”, dated September 1994, and are known as the North Fork Tract. (e) Non-Federal Lands.—The non-Federal lands referred to in this section are located in the Targhee National Forest in 110 STAT. 4117Wyoming, are generally depicted on the map entitled “Non-Federal land, Targhee Exchange, Idaho-Wyoming—Proposed”, dated September 1994, and are known as the Squirrel Meadows Tract. (f) Maps.—The maps referred to in subsections (d) and (e) shall be on file and available for inspection in the office of the Targhee National Forest in Idaho and in the office of the Chief of the Forest Service. (g) Equalization of Values.—Prior to the exchange authorized by this section, the values of the Federal and non-Federal lands to be so exchanged shall be established by appraisals of fair market value that shall be subject to approval by the Secretary. The values either shall be equal or shall be equalized using the following methods: (1) Adjustment of lands.— (A) Portion of federal lands.—If the Federal lands are greater in value than the non-Federal lands, the Secretary shall reduce the acreage of the Federal lands until the values of the Federal lands closely approximate the values of the non-Federal lands. (B) Additional federally owned lands.—If the non-Federal lands are greater in value than the Federal lands, the Secretary may convey additional federally owned lands within the Targhee National Forest up to an amount necessary to equalize the values of the non-Federal lands and the lands to be transferred out of Federal ownership. However, such additional federally owned lands shall be limited to those meeting the criteria for land exchanges specified in the Targhee National Forest Land and Resource Management Plan. (2) Payment of money.—The values may be equalized by the payment of money as provided in section 206(b) of the Federal Land Policy and Management Act of 1976 (43 U.S.C. 1716(b)). (h) Definitions.—For purposes of this section: (1) The term “Federal lands” means the Federal lands described in subsection (d). (2) The term “non-Federal lands” means the non-Federal lands described in subsection (e). (3) The term “Secretary” means the Secretary of Agriculture.