text: SECTION 1. SHORT TITLE.
  
      This Act may be cited as the ``Federal Land Exchange Improvement 
  Act of 1995''.
  
  SEC. 2. LANDS ELIGIBLE FOR APPROXIMATELY EQUAL VALUE TREATMENT.
  
      Section 206(h)(1)(A) of the Federal Land Policy and Management Act 
  of 1976 (43 U.S.C. 1716(h)(1)(A)) is amended by striking out 
  ``$150,000'' and inserting in lieu thereof ``$500,000, adjusted 
  annually on a fiscal year basis commencing in fiscal year 1997 by the 
  average change over the previous fiscal year of the Consumer Price 
  Index (all items--United States city average) published monthly by the 
  Bureau of Labor Statistics''.
  
  SEC. 3. USE OF FUNDS.
  
      Section 206(b) of the Federal Land Policy and Management Act of 
  1976 (43 U.S.C. 1716) is amended--
              (1) by inserting ``(1)'' after ``(b)''; and
              (2) by adding at the end the following:
      ``(2)(A) Amounts received by the Secretary concerned under 
  paragraph (1) shall be deposited in a special fund in the Treasury of 
  the United States, subject to subparagraph (B). Such amounts shall, 
  subject to the availability of appropriations, be available to the 
  Secretary concerned for processing land exchanges.
      ``(B) Amounts in the fund referred to in subparagraph (A) may not 
  exceed $12,000,000 at any time. Amounts received by the Secretary 
  concerned under this section which, but for this subparagraph, would be 
  added to such fund shall instead be covered over into the Treasury of 
  the United States as miscellaneous receipts.''.
  
  SEC. 4. EXCHANGE PROCESSING.
  
      Section 206(b) of the Federal Land Policy and Management Act of 
  1976 (43 U.S.C. 1716), as amended by section 3, is further amended by 
  adding at the end the following paragraph:
              ``(3)(A)(i) An environmental assessment shall be the 
          document prepared for any exchange under this Act pursuant to 
          section 102(2) of the National Environmental Policy Act of 1969 
          (42 U.S.C. 4332(2)).
              ``(ii) Any conferencing or consultation required for an 
          exchange under this Act pursuant to section 7(a) of the 
          Endangered Species Act of 1973 (16 U.S.C. 1536(a)) shall be 
          completed within 45 days after the date on which the 
          conferencing or consultation is initiated.
              ``(iii) After completion of an exchange under this Act, no 
          action may be taken on the non-Federal land acquired in an 
          exchange until the Secretary concerned has complied with 
          section 102(2) of the National Environmental Policy Act of 1969 
          and section 7(a) of the Endangered Species Act of 1973 
          concerning such action, and any necessary amendment to the land 
          management plan applicable to such land and such action.
              ``(B) The Secretary shall complete processing, and make a 
          final decision, on any exchange under this Act within one year 
          from the date of submission of the application for the 
          exchange.
              ``(C) The non-Federal land to be included in any exchange 
          under this Act shall be valued without the application of any 
          Federal or State restriction concerning an environmental value 
          or resource the protection of which is considered by the 
          Secretary concerned as a public benefit to be obtained by the 
          exchange.''.
  
  SEC. 5. MINOR BOUNDARY ADJUSTMENTS.
  
      Section 206 of the Federal Land Policy and Management Act of 1976 
  (43 U.S.C. 1716) is amended by adding at the end thereof the following:
      ``(j) Notwithstanding the other provisions of this Act and other 
  applicable laws which require that exchanges of land or interests 
  therein be for equal or approximately equal value, the Secretary 
  concerned may dispose of lands by exchange to make such minor 
  adjustments to the boundary of a unit of the public lands or the 
  National Forest System as may be necessary to reflect actual conditions 
  in the unit which are not of comparable character to the unit. In 
  making such adjustments, the amount of land added to the unit may not 
  exceed the amount of land removed from the unit.''.
  
  SEC. 6. REMOVAL ON RESTRICTION ON EXCHANGE OF OREGON AND CALIFORNIA 
                RAILROAD GRANT LANDS ADMINISTERED BY THE SECRETARY OF 
                AGRICULTURE.
  
      Subsection (a) of the first section of the Act entitled ``An Act 
  relating to the administrative jurisdiction of certain public lands in 
  the State of Oregon, and for other purposes'', approved June 24, 1954 
  (43 U.S.C. 1181g(a)), is amended by striking out the last sentence.
  
  SEC. 7. AMENDMENT TO SISK ACT RELATING TO PRIOR USE OF LANDS TO BE 
                CONVEYED.
  
      The first section of the Act entitled ``An Act to facilitate 
  exchanges of land under the Act of March 20, 1922(42 Stat. 465), for 
  use for public schools, and for other purposes'', approved December 4, 
  1967 (16 U.S.C. 484a), is amended by striking out ``on the date of 
  enactment of this sentence'' and inserting in lieu thereof ``for the 
  five-year period ending on the date of conveyance''.
  
  SEC. 8. WAIVER OF PUBLIC USE REQUIREMENT FOR LANDS UNDER BANKHEAD-JONES 
                FARM TENANT ACT.
  
      The Bankhead-Jones Farm Tenant Act is amended in section 32(c) (7 
  U.S.C. 1011(c)) by adding at the end the following: ``The Secretary may 
  waive the requirements of this paragraph that lands be sold, exchanged, 
  or granted only to public authorities and agencies and only on 
  condition that the property is used for public purposes after the 
  Secretary consults with the head of any other Federal agency that has a 
  property interest in the lands, such as a federally-owned building or 
  other improvements.''.
target: Federal Land Exchange Improvement Act of 1995 - Amends the Federal Land Policy and Management Act of 1976 to increase the value of public land available for "approximately equal value" exchanges out of Federal ownership. 
  Requires:  (1) funds received by the Secretary of Agriculture or the Secretary of the Interior to be deposited in a special land exchange Treasury fund, subject to a monetary ceiling (excess amounts to go into Treasury miscellaneous receipts); and (2) certain environmental and endangered species related activities as part of the exchange process. 
  Exempts public or National Forest System lands minor boundary adjustment exchanges from equal value requirements. 
  Amends Federal law to eliminate the exchange restriction on Oregon and California railroad grant lands. 
  Amends Federal law to permit National Forest land exchanges for public school purposes only if the land was in use during the five-year period ending on the date of conveyance.  (Current law permits exchange if in use as of January 12, 1983.) 
  Amends the Bankhead-Jones Farm Tenant Act to waive the public use requirement for exchanges under such Act.
feat_title: Federal Land Exchange Improvement Act of 1995