SOUTHERN NEVADA LIMITED TRANSITION AREA CONVEYANCE.

SEC. 2602. SOUTHERN NEVADA LIMITED TRANSITION AREA CONVEYANCE.(a) Definitions.—In this section:(1) City.—The term “City” means the City of Henderson, Nevada.(2) Secretary.—The term “Secretary” means the Secretary of the Interior.(3) State.—The term “State” means the State of Nevada.(4) Transition area.—The term “Transition Area” means the approximately 502 acres of Federal land located in Henderson, Nevada, and identified as “Limited Transition Area” on the map entitled “Southern Nevada Limited Transition Area Act” and dated March 20, 2006.(b) Southern Nevada Limited Transition Area.—(1) Conveyance.—Notwithstanding the Federal Land Policy and Management Act of 1976 (43 U.S.C. 1701 et seq.), on request of the City, the Secretary shall, without consideration and subject to all valid existing rights, convey to the City all right, title, and interest of the United States in and to the Transition Area.(2) Use of land for nonresidential development.—(A) In general.—After the conveyance to the City under paragraph (1), the City may sell, lease, or otherwise convey any portion or portions of the Transition Area for purposes of nonresidential development.(B) Method of sale.—(i) In general.—The sale, lease, or conveyance of land under subparagraph (A) shall be through a competitive bidding process.(ii) Fair market value.—Any land sold, leased, or otherwise conveyed under subparagraph (A) shall be for not less than fair market value.(C) Compliance with charter.—Except as provided in subparagraphs (B) and (D), the City may sell, lease, or otherwise convey parcels within the Transition Area only in accordance with the procedures for conveyances established in the City Charter.(D) Disposition of proceeds.—The gross proceeds from the sale of land under subparagraph (A) shall be distributed in accordance with section 4(e) of the Southern Nevada Public Land Management Act of 1998 (112 Stat. 2345).(3) Use of land for recreation or other public purposes.—The City may elect to retain parcels in the Transition Area for public recreation or other public purposes consistent with the Act of June 14, 1926 (commonly known as the “Recreation and Public Purposes Act”) (43 U.S.C. 869 et seq.) by providing to the Secretary written notice of the election.(4) Noise compatibility requirements.—The City shall—(A) plan and manage the Transition Area in accordance with section 47504 of title 49, United States Code (relating to airport noise compatibility planning), and regulations promulgated in accordance with that section; and123 STAT. 1118(B) agree that if any land in the Transition Area is sold, leased, or otherwise conveyed by the City, the sale, lease, or conveyance shall contain a limitation to require uses compatible with that airport noise compatibility planning.(5) Reversion.—(A) In general.—If any parcel of land in the Transition Area is not conveyed for nonresidential development under this section or reserved for recreation or other public purposes under paragraph (3) by the date that is 20 years after the date of enactment of this Act, the parcel of land shall, at the discretion of the Secretary, revert to the United States.(B) Inconsistent use.—If the City uses any parcel of land within the Transition Area in a manner that is inconsistent with the uses specified in this subsection—(i) at the discretion of the Secretary, the parcel shall revert to the United States; or(ii) if the Secretary does not make an election under clause (i), the City shall sell the parcel of land in accordance with this subsection.