text: SECTION 1. FINDINGS AND PURPOSES.
  
      (a) Findings.--Congress finds and declares that--
              (1) certain scattered parcels of Federal land located 
          within Gilpin County, Colorado, are currently administered by 
          the Secretary of the Interior as part of the Royal Gorge 
          Resource Area, Canon City District, United States Bureau of 
          Land Management;
              (2) these land parcels, comprised of approximately 130 
          separate tracts of land ranging in size from approximately 38 
          acres to much less than an acre, have been identified as 
          suitable for disposal by the Bureau of Land Management through 
          its resource management planning process and are appropriate 
          for disposal; and
              (3) even though these land parcels are scattered and small 
          in size, they nevertheless appear to have a fair market value 
          which may be used by the Federal Government to exchange for 
          lands which will better lend themselves to Federal management 
          and have higher values for future public access, use and 
          enjoyment, recreation, the protection and enhancement of fish 
          and wildlife and fish and wildlife habitat, and the protection 
          of riparian lands, wetlands, scenic beauty and other public 
          values.
      (b) Purpose.--It is the purpose of this Act to authorize, direct, 
  facilitate and expedite the land exchange set forth herein in order to 
  further the public interest by disposing of Federal lands with limited 
  public utility and acquire in exchange therefor lands with important 
  values for permanent public management and protection.
  
  SEC. 2. LAND EXCHANGE.
  
      (a) In General.--The exchange directed by this Act shall be 
  consummated if within 90 days after enactment of this Act, Lake Gulch, 
  Inc., a Colorado corporation (as defined in section 4 of this Act), 
  offers to transfer to the United States pursuant to the provisions of 
  this Act the offered lands or interests in land described herein.
      (b) Conveyance by Lake Gulch.--Subject to the provisions of section 
  3 of this Act, Lake Gulch shall convey to the Secretary of the Interior 
  all right, title, and interest in and to the following offered lands:
              (1) Certain lands comprising approximately 40 acres with 
          improvements thereon located in Larimer County, Colorado, and 
          lying within the boundaries of Rocky Mountain National Park as 
          generally depicted on a map entitled ``Circle C Church Camp'', 
          dated August 1994, which shall upon their acquisition by the 
          United States and without further action by the Secretary of 
          the Interior be incorporated into Rocky Mountain National Park 
          and thereafter be administered in accordance with the laws, 
          rules and regulations generally applicable to the National Park 
          System and Rocky Mountain National Park.
              (2) Certain lands located along the Arkansas River in Lake 
          County, Colorado, which comprise approximately 517 acres, as 
          generally depicted on a map entitled ``Arkansas River 
          Headwaters Frontage'', dated August 1994.
              (3) Certain lands located within and adjacent to the United 
          States Bureau of Land Management San Luis Resource Area in 
          Conejos County, Colorado, which comprise approximately 3,993 
          acres and are generally depicted on a map entitled ``Quinlan 
          Ranches Tract'', dated August 1994.
      (c) Substitution of Lands.--If one or more of the precise offered 
  land parcels identified above is unable to be conveyed to the United 
  States due to appraisal or other problems, Lake Gulch and the Secretary 
  may mutually agree to substitute therefor alternative offered lands 
  acceptable to the Secretary.
      (d) Conveyance by the United States.--(1) Upon receipt of title to 
  the lands identified in subsection (a) the Secretary shall 
  simultaneously convey to Lake Gulch all right, title, and interest of 
  the United States, subject to valid existing rights, in and to the 
  following selected lands:
              (A) Certain surveyed lands located in Gilpin County, 
          Colorado, Township 3 South, Range 72 West, Sixth Principal 
          Meridian, Section 18, Lots 118-220, which comprise 
          approximately 195 acres and are intended to include all 
          federally owned lands in section 18, as generally depicted on a 
          map entitled ``Lake Gulch Selected Lands'', dated July 1994.
              (B) Certain surveyed lands located in Gilpin County, 
          Colorado, Township 3 South, Range 72 West, Sixth Principal 
          Meridian, Section 17, Lots 37, 38, 39, 40, 52, 53, and 54, 
          which comprise approximately 96 acres, as generally depicted on 
          a map entitled ``Lake Gulch Selected Lands'', dated July 1994.
              (C) Certain unsurveyed lands located in Gilpin County, 
          Colorado, Township 3 South, Range 73 West, Sixth Principal 
          Meridian, Section 13, which comprise approximately 10 acres, 
          and are generally depicted as parcels 307-326 on a map entitled 
          ``Lake Gulch Selected Lands'', dated July 1994: Provided, 
          however, That a parcel or parcels of land in section 13 shall 
          not be transferred to Lake Gulch if at the time of the proposed 
          transfer the parcel or parcels are under formal application for 
          transfer to a qualified unit of local government. Due to the 
          small and unsurveyed nature of such parcels proposed for 
          transfer to Lake Gulch in section 13, and the high cost of 
          surveying such small parcels, the Secretary is authorized to 
          transfer such section 13 lands to Lake Gulch without survey 
          based on such legal or other description as he determines 
          appropriate to carry out the basic intent of the map cited in 
          this subparagraph.
      (2) If the Secretary and Lake Gulch mutually agree, and the 
  Secretary determines it is in the public interest, the Secretary may 
  utilize the authority and direction of this Act to transfer to Lake 
  Gulch lands in sections 17 and 13 that are in addition to those precise 
  selected lands shown on the maps cited in paragraphs (d)(1)(B) and 
  (d)(1)(C), and which are not under formal application for transfer to a 
  qualified unit of local government, upon transfer to the Secretary of 
  additional offered lands acceptable to the Secretary or upon payment to 
  the Secretary by Lake Gulch of cash equalization money amounting to the 
  full appraised fair market value of any such additional lands. If any 
  such additional lands are located in section 13 they may be transferred 
  to Lake Gulch without survey based on such legal or other description 
  as the Secretary determines appropriate as long as the Secretary 
  determines that the boundaries of any adjacent lands now owned by Lake 
  Gulch can be properly identified so as to avoid possible future 
  boundary conflicts or disputes. If the Secretary determines surveys are 
  necessary to convey any such additional lands to Lake Gulch, the costs 
  of such surveys shall be paid by Lake Gulch but shall not be eligible 
  for any adjustment in the value of such additional lands pursuant to 
  section 206(f)(2) of the Federal Land Policy and Management Act of 1976 
  (as amended by the Federal Land Exchange Facilitation Act of 1988) (43 
  U.S.C. 1716(f)(2)).
      (3) Prior to transferring out of public ownership pursuant to this 
  Act or other authority of law any lands which are contiguous to North 
  Clear Creek southeast of the City of Black Hawk, Colorado, in the 
  County of Gilpin, Colorado, the Secretary shall notify and consult with 
  the governments of the County and the City and afford such units of 
  local government an opportunity to acquire or reserve pursuant to the 
  Federal Land Policy and Management Act of 1976 or other applicable law 
  such easements or rights-of-way parallel to North Clear Creek as may be 
  necessary to serve public utility line or recreation path needs: 
  Provided, however, That any survey or other costs associated with the 
  acquisition or reservation of such easements or rights-of-way shall be 
  paid for by the unit or units of local government concerned.
  
  SEC. 3. TERMS AND CONDITIONS OF EXCHANGE.
  
      (a) Equalization of Values.--The values of the lands to be 
  exchanged pursuant to this Act shall be equal as determined by the 
  Secretary of the Interior utilizing nationally recognized appraisal 
  standards, including, to the extent appropriate, the Uniform Standards 
  for Federal Land Acquisition, the Uniform Standards of Professional 
  Appraisal Practice, the provisions of section 206(d) of the Federal 
  Land Policy and Management Act of 1976 (43 U.S.C. 1716(d)), and other 
  applicable law. In the event it is determined that cash equalization 
  moneys are owed to the United States in the exchange, any such cash 
  equalization moneys shall be retained by the Secretary of the Interior 
  and may be utilized by the Secretary until fully expended to purchase 
  from willing sellers land or water rights, or a combination thereof, to 
  augment wildlife habitat and protect and restore wetlands in the Bureau 
  of Land Management's Blanca Wetlands, Alamosa County, Colorado. Any 
  water rights acquired by the United States pursuant to this section 
  shall be obtained by the Secretary of the Interior in accordance with 
  all applicable provisions of Colorado law, including the requirement to 
  change the time, place, and type of use of said water rights through 
  the appropriate State legal proceedings and to comply with any terms, 
  conditions, or other provisions contained in an applicable decree of 
  the Colorado Water Court. The use of any water rights acquired pursuant 
  to this section shall be limited to water than can be used or exchanged 
  for water that can be used on the Blanca Wetlands. Any requirement or 
  proposal to utilize facilities of the San Luis Valley Project, Closed 
  Basin Diversion, in order to effectuate the use of any such water 
  rights shall be subject to prior approval of the Rio Grande Water 
  Conservation District.
      (b) Restrictions on Selected Lands.--(1) Conveyance of the selected 
  lands to Lake Gulch pursuant to this Act shall be contingent upon Lake 
  Gulch executing an agreement with the United States prior to such 
  conveyance, the terms of which are acceptable to the Secretary of the 
  Interior, and which--
              (A) grants the United States a covenant that none of the 
          selected lands (all of which currently lie outside the State of 
          Colorado's current legally approved gaming area) shall ever be 
          used for purposes of gaming should the current legal gaming 
          area ever be expanded by the State of Colorado; and
              (B) permanently holds the United States harmless for 
          liability and indemnify the United States against all costs 
          arising from any activities, operations (including the storing, 
          handling, and dumping of hazardous materials or substances) or 
          other acts conducted by Lake Gulch or its employees, agents, 
          successors or assigns on the selected lands after their 
          transfer to Lake Gulch: Provided, however, That nothing in this 
          Act shall be construed as either diminishing or increasing any 
          responsibility or liability of the United States based on the 
          condition of the selected lands prior to or on the date of 
          their transfer to Lake Gulch.
      (2) Conveyance of the selected lands to Lake Gulch pursuant to this 
  Act shall be subject to the existing easement for Gilpin County Road 6.
      (3) The above terms and restrictions of this subsection shall not 
  be considered in determining, or result in any diminution in, the fair 
  market value of the selected land for purposes of the appraisals of the 
  selected land required pursuant to section 3 of this Act.
      (c) Revocation of Withdrawal.--The Public Water Reserve established 
  by Executive order dated April 17, 1926 (Public Water Reserve 107), 
  Serial Number Colorado 17321, is hereby revoked insofar as it affects 
  the NW \1/4\ SW \1/4\ of Section 17, Township 3 South, Range 72 West, 
  Sixth Principal Meridian, which covers a portion of the selected lands 
  identified in this Act.
      (d) Management of Certain Lands.--Upon their acquisition by the 
  United States, the lands referred to in section 2(b)(2) of this Act 
  shall be managed by the Secretary of the Interior in accordance with 
  the laws, rules, and regulations generally applicable to the public 
  lands, and, as appropriate, in accordance with cooperative agreements 
  such as the existing Arkansas Headwaters Recreation Area Memorandum of 
  Understanding, with special emphasis on public fishing and recreational 
  access to the Arkansas River, and riparian and wetland habitat 
  protection. The acquisition of such lands by the Secretary shall not be 
  construed to impose any responsibility or liability on the Secretary 
  with respect to hazardous substances which may exist on the lands as of 
  the date of their acquisition by the United States. Without precluding 
  any future determination by the Secretary or appropriate Federal or 
  State authorities that cleanup of any hazardous substances which may be 
  found to exist on the property would be appropriate, nothing in this 
  Act shall be construed to require the Secretary to undertake any 
  hazardous substances cleanup activities or studies.
  
  SEC. 4. MISCELLANEOUS PROVISIONS.
  
      (a) Definitions.--As used in this Act:
              (1) The term ``Secretary'' means the Secretary of the 
          Interior.
              (2) The term ``Lake Gulch'' means Lake Gulch, Inc., a 
          Colorado corporation, or its successors, heirs or assigns.
              (3) The term ``offered land'' means lands to be conveyed to 
          the United States pursuant to this Act.
              (4) The term ``selected land'' means lands to be 
          transferred to Lake Gulch pursuant to this Act.
              (5) The term ``Blanca Wetlands'' means an area of land 
          comprising approximately 9,290 acres, as generally depicted on 
          a map entitled ``Blanca Wetlands'', dated August 1994, and any 
          nearby land which the Secretary may purchase from willing 
          sellers after the date of enactment of this Act utilizing funds 
          provided by this Act or other funds and manage in conjunction 
          with and for the same general purposes as the land depicted on 
          that map.
      (b) Time Requirement for Completing Transfer.--It is the intent of 
  Congress that unless the Secretary and Lake Gulch mutually agree 
  otherwise the exchange of lands authorized and directed by this Act 
  shall be completed not later than 6 months after the date of enactment 
  of this Act.
      (c) Administration of Lands Acquired by United States.--In 
  accordance with the provisions of section 206(c) of the Federal Land 
  Policy and Management Act of 1976 (43 U.S.C. 1716(c)), all lands 
  acquired by the United States pursuant to this Act shall upon 
  acceptance of title by the United States and without further action by 
  the Secretary concerned become part of and be managed as part of the 
  administrative unit or area within which they are located.
target: Requires Lake Gulch, Inc., to convey, on an equal value basis, specified lands located in Larimer, Lake, and Conejos Counties, Colorado, to the Secretary of the Interior in exchange for certain Lake Gulch Selected Lands located in Gilpin County, Colorado. 
  Provides that, if cash equalization monies are owed to the United States in the exchange, such monies shall be retained by the Secretary and may be utilized until fully expended to purchase from willing sellers land or water rights to augment wildlife habitat and to protect and restore wetlands in the Bureau of Land Management's Blanca Wetlands, Alamosa County, Colorado. 
  Conditions the conveyance of such selected lands on Lake Gulch executing an agreement which:  (1) grants the United States a covenant that none of such lands (all of which currently lie outside of Colorado's current legally approved gaming area) shall ever be used for gaming purposes should such gaming area ever be expanded by the State; and (2) permanently holds the United States harmless for liability and indemnifies it against all costs arising from any activities, operations (including the storing, handling, and dumping of hazardous materials or substances) or other acts conducted by Lake Gulch on the selected lands after such transfer.  Declares that nothing in this Act shall be construed as either diminishing or increasing any U.S. responsibility or liability based on the condition of the selected lands before or on the date of their transfer.  Subjects the conveyance to the existing easement for Gilpin County Road 6. 
  Revokes a specified Public Water Reserve established by Executive Order dated April 17, 1926, insofar as it affects certain land which covers a portion of the selected lands.
feat_title: A bill entitled "Gilpin County, Colorado--B.L.M. Land Transfer Act of 1994".