BOX R RANCH LAND EXCHANGE.

SEC. 1403. BOX R RANCH LAND EXCHANGE.(a) In General.—For the purpose of protecting and consolidating Federal land within the Monument, the Secretary—(1) may offer to convey to the Landowner the Bureau of Land Management land in exchange for the Rowlett parcel; and(2) if the Landowner accepts the offer—(A) the Secretary shall convey to the Landowner all right, title, and interest of the United States in and to the Bureau of Land Management land; and(B) the Landowner shall convey to the Secretary all right, title, and interest of the Landowner in and to the Rowlett parcel.(b) Surveys.—(1) In general.—The exact acreage and legal description of the Bureau of Land Management land and the Rowlett parcel shall be determined by surveys approved by the Secretary.123 STAT. 1029(2) Costs.—The responsibility for the costs of any surveys conducted under paragraph (1), and any other administrative costs of carrying out the land exchange, shall be determined by the Secretary and the Landowner.(c) Conditions.—The conveyance of the Bureau of Land Management land and the Rowlett parcel under this section shall be subject to—(1) valid existing rights;(2) title to the Rowlett parcel being acceptable to the Secretary and in conformance with the title approval standards applicable to Federal land acquisitions;(3) such terms and conditions as the Secretary may require; and(4) except as otherwise provided in this section, any laws (including regulations) applicable to the conveyance and acquisition of land by the Bureau of Land Management.(d) Appraisals.—(1) In general.—The Bureau of Land Management land and the Rowlett parcel shall be appraised by an independent appraiser selected by the Secretary.(2) Requirements.—An appraisal conducted under paragraph (1) shall be conducted in accordance with—(A) the Uniform Appraisal Standards for Federal Land Acquisitions; and(B) the Uniform Standards of Professional Appraisal Practice.(3) Approval.—The appraisals conducted under this subsection shall be submitted to the Secretary for approval.(e) Grazing Allotment.—As a condition of the land exchange authorized under this section, the lessee of the grazing lease for the Box R grazing allotment shall donate the Box R grazing lease in accordance with section 1402(a)(1).