EXISTING RIGHTS PRESERVED; RIGHT OF CERTAIN CURRENT LESSEES TO PURCHASE: MISCELLANEOUS PROVISIONS.

SEC. 703. EXISTING RIGHTS PRESERVED; RIGHT OF CERTAIN CURRENT LESSEES TO PURCHASE: MISCELLANEOUS PROVISIONS. (a) Existing Rights Preserved.— The declarations contained in section 702 shall not affect— (1) any right or interest of any person in any land described in such section under any legal right-of-way, mining claim, or grazing permit in effect on the day before the date of the enactment of this Act, or (2) any other right, title, or interest which such person may have in such land on such day. (b) Right of Holder of Grazing Permit To Purchase Lands.— (1) In general.— Any person who holds a valid grazing permit and lease (as such term is defined in section 103(p) of the Federal Land Policy and Management Act of 1976) with respect to any land described in section 702 shall have the right to purchase such land before the end of the 1-year period beginning on the date of the enactment of this title for the fair market value of such land (determined as of the date of purchase) on such terms and conditions as the Secretary of the Interior may prescribe. The declarations in section 602 relating to the trust and reservation status of such land shall take effect subject to the right of purchase established under this paragraph. (2) Notice by secretary required.— Before the end of the 30-day period beginning on the date of the enactment of this Act, the Secretary of the Interior shall notify each person referred to in paragraph (1) of the right of purchase established under such paragraph. (3) Proceeds of sale to be held in trust for Indians.— In the case of any sale of land under paragraph (1), the proceeds of such sale shall be held in trust by the Secretary of the Interior for the benefit of the band or group of Mission Indians for whose benefit such land is held after the date of the enactment of this Act and before such sale. The net income on the amount held in trust by such Secretary shall be available for use or obligation by such band or group in such manner and for such purposes as the Secretary may approve. (c) Proceeds From Rents and Royalties Transferred to Indians.— Amounts which accrue to the United States after the date of the enactment of this Act from sales, bonuses, royalties, and rentals relating to any land described in section 602 shall be avail-102 STAT. 2949able for use or obligation, in such manner and for such purposes as the Secretary may approve, by the band or group of Mission Indians for whose benefit such land is held after the date of the enactment of this Act. (d) Additions to Reservations Subject to Laws Governing Existing Reservations.— Any lands which are held in trust for the benefit of any band or group of Indians pursuant to this title shall be subject to the laws of the United States relating to Indian land in the same manner and to the same extent as the lands comprising the reservation of such group or band on the day before the date of the enactment of this Act.