ALLATOONA LAKE, GEORGIA.

SEC. 3054. ALLATOONA LAKE, GEORGIA. (a) Land Exchange.— (1) In general.—The Secretary may exchange land above 863 feet in elevation at Allatoona Lake, Georgia, identified in the Real Estate Design Memorandum prepared by the Mobile district engineer, April 5, 1996, and approved October 8, 1996, for land on the north side of Allatoona Lake that is required for wildlife management and protection of the water quality and overall environment of Allatoona Lake. (2) Terms and conditions.—The basis for all land exchanges under this subsection shall be a fair market appraisal to ensure that land exchanged is of equal value. (b) Disposal and Acquisition of Land, Allatoona Lake, Georgia.— (1) In general.—The Secretary may— (A) sell land above 863 feet in elevation at Allatoona Lake, Georgia, identified in the memorandum referred to in subsection (a)(1); and (B) use the proceeds of the sale, without further appropriation, to pay costs associated with the purchase of land required for wildlife management and protection of the water quality and overall environment of Allatoona Lake. (2) Terms and conditions.— (A) Willing sellers.—Land acquired under this subsection shall be by negotiated purchase from willing sellers only. (B) Basis.—The basis for all transactions under this subsection shall be a fair market value appraisal acceptable to the Secretary. (C) Sharing of costs.—Each purchaser of land under this subsection shall share in the associated costs of the purchase, including surveys and associated fees in accordance with the memorandum referred to in subsection (a)(1). (D) Other conditions.—The Secretary may impose on the sale and purchase of land under this subsection such other conditions as the Secretary determines to be appropriate. (c) Repeal.—Section 325 of the Water Resources Development Act of 1992 (106 Stat. 4849) is repealed.