SCHOOL DISTRICT 318, MINNESOTA, LAND EXCHANGE.

SEC. 3008. SCHOOL DISTRICT 318, MINNESOTA, LAND EXCHANGE. (a) Purposes.—The purposes of this section are— (1) to provide greater safety to the students of the Robert J. Elkington Middle School and the families of those students in Grand Rapids, Minnesota; and (2) to promote the mission of the United States Geological Survey. (b) Definitions.—In this section: (1) District.—The term “District” means Minnesota Independent School District number 318 in Grand Rapids, Minnesota. (2) Federal land.— (A) In general.—The term “Federal land” means the parcel of approximately 1.3 acres of United States Geological Survey land identified as USGS Parcel 91-016-4111 on the map, which was transferred to the Department of the Interior by the General Services Administration by a letter dated July 22, 1965. (B) Inclusion.—The term “Federal land” includes any structures on the land described in subparagraph (A). (3) Map.—The term “map” means each of the maps entitled “USGS and School Parcel Locations” and dated January 15, 2014. (4) Non-federal land.— (A) In general.—The term “non-Federal land” means the parcel of approximately 1.6 acres of District land identified as School Parcel 91-540-1210 on the map. (B) Inclusion.—The term “non-Federal land” includes any structures on the land described in subparagraph (A). (5) Secretary.—The term “Secretary” means the Secretary of the Interior. (c) Authorization of Exchange.—If the District offers to convey to the United States all right, title, and interest of the District in and to the non-Federal land, the Secretary shall— (1) accept the offer; and (2) convey to the District all right, title, and interest of the United States in and to the Federal land. (d) Valuation.— (1) In general.—The value of the Federal land and non-Federal land to be exchanged under subsection (c) shall be determined— (A) by an independent appraiser selected by the Secretary; and (B) in accordance with the Uniform Appraisal Standards for Federal Land Acquisitions and the Uniform Standards of Professional Appraisal Practice. (2) Approval.—Appraisals conducted under paragraph (1) shall be submitted to the Secretary for approval. (3) Cash equalization payments.— (A) In general.—If the value of the Federal land and non-Federal land to be exchanged under subsection (c) is not of equal value, the value shall be equalized through a cash equalization payment. (B) Use of amounts.—Amounts received by the United States under subparagraph (A) shall be deposited in the Treasury and credited to miscellaneous receipts.