RELEASE OF REVERSIONARY INTEREST.

SECTION 1. RELEASE OF REVERSIONARY INTEREST. (a) Release.—The Secretary of Agriculture (subject to the provisions of subsection (c)) shall take such actions as are necessary to release the restriction on the land described in subsection (b) that— (1) requires that such land be used for public purposes; and (2) is contained in a deed— (A) granting such land from the United States to Mississippi State College (University), (B) dated July 20, 1955, and (C) recorded at page 293 of book 274 of the record of deeds at Oktibbeha County, Mississippi. (b) Legal Description.—The lands that are subject to this Act are— (1) the East half (E¼) of the Southeast Quarter (SE¼) of Section 9, Township 17 North, Range 13 East in Oktibbeha County, Mississippi, containing 80 acres more or less; and (2) a strip of approximately 42.37 acres in section 10, T 17 N, R 13 E, Oktibbeha County, Mississippi, being located on part of the W½ of the W½ of the NE¼ and part of the E½ of the E½ of the NW¼ of said section, township, and range. (c) Agreement.—The Secretary of Agriculture, prior to releasing any of the restrictions contained in the deed described in subsection (a), shall enter into an agreement with Mississippi State College (University) which provides that the release of the restrictions contained in such deed shall be conditioned on the placing of identical restrictions on acceptable property of equal value acquired by the College (University) in exchange for the property described in subsection (b).