TURNABOUT RANCH LAND CONVEYANCE, UTAH.

SEC. 2604. TURNABOUT RANCH LAND CONVEYANCE, UTAH.(a) Definitions.—In this section:(1) Federal land.—The term “Federal land” means the approximately 25 acres of Bureau of Land Management land identified on the map as “Lands to be conveyed to Turnabout Ranch”.(2) Map.—The term “map” means the map entitled “Turnabout Ranch Conveyance” dated May 12, 2006, and on file in the office of the Director of the Bureau of Land Management.(3) Monument.—The term “Monument” means the Grand Staircase-Escalante National Monument located in southern Utah.(4) Secretary.—The term “Secretary” means the Secretary of the Interior.(5) Turnabout ranch.—The term “Turnabout Ranch” means the Turnabout Ranch in Escalante, Utah, owned by Aspen Education Group.(b) Conveyance of Federal Land to Turnabout Ranch.—(1) In general.—Notwithstanding the land use planning requirements of sections 202 and 203 of the Federal Land Policy and Management Act of 1976 (43 U.S.C. 1712, 1713), if not later than 30 days after completion of the appraisal required under paragraph (2), Turnabout Ranch of Escalante, Utah, submits to the Secretary an offer to acquire the Federal land for the appraised value, the Secretary shall, not later 123 STAT. 1120 than 30 days after the date of the offer, convey to Turnabout Ranch all right, title, and interest to the Federal land, subject to valid existing rights.(2) Appraisal.—Not later than 90 days after the date of enactment of this Act, the Secretary shall complete an appraisal of the Federal land. The appraisal shall be completed in accordance with the “Uniform Appraisal Standards for Federal Land Acquisitions” and the “Uniform Standards of Professional Appraisal Practice”. All costs associated with the appraisal shall be born by Turnabout Ranch.(3) Payment of consideration.—Not later than 30 days after the date on which the Federal land is conveyed under paragraph (1), as a condition of the conveyance, Turnabout Ranch shall pay to the Secretary an amount equal to the appraised value of the Federal land, as determined under paragraph (2).(4) Costs of conveyance.—As a condition of the conveyance, any costs of the conveyance under this section shall be paid by Turnabout Ranch.(5) Disposition of proceeds.—The Secretary shall deposit the proceeds from the conveyance of the Federal land under paragraph (1) in the Federal Land Deposit Account established by section 206 of the Federal Land Transaction Facilitation Act(43 U.S.C. 2305), to be expended in accordance with that Act.(c) Modification of Monument Boundary.—When the conveyance authorized by subsection (b) is completed, the boundaries of the Grand Staircase-Escalante National Monument in the State of Utah are hereby modified to exclude the Federal land conveyed to Turnabout Ranch.