PUBLIC LAW 103-397—OCT. 22, 1994 108 STAT. 4157 16,000 65.00 17,000 64.00 18,000 63.00 19,000 62.00 20,000 61.00 21,000 60.00 22,000 59.00 23,000 59.00 24,000 58.00 25,000 57.00 26,000 56.00 27,000 56.00 28,000 56.00 29,000 55.00 30,000 55.00 31,000 54.00 32,000 54.00 33,000 53.00 34,000 53.00 35,000 52.00 36,000 52.00 37,000 51.00 38,000 51.00 39,000 50.00 40,000 50.00 41,000 49.00 42,000 48.00 43,000 48.00 44,000 47.00 45,000 47.00 46,000 46.00 47,000 46.00 48,000 45.00 49,000 45.00 50,000 44.00.". SEC. 3. INDEXING OF PILT PAYMENTS FOR INFLATION; INSTALLMENT PAYMENTS. Section 6903 of title 31, United States Code, is amended by adding at the end the following new subsection: "(d) On October 1 of each year after the date of enactment of the Payment in Lieu of Taxes Act, the Secretary of the Interior shall adjust each dollar amount specified in subsections (b) and (c) to reflect changes in the Consumer Price Index published by the Bureau of Labor Statistics of the Department of Labor, for the 12 months ending the preceding June 30.. SEC. 4. LAND EXCHANGES. Section 6902 of title 31, United States Code, is amended to read as follows:
- "§ 6902. Authority and Eligibility
"(a) The Secretary of the Interior shall make a payment for each fiscal year to each unit of general local government in which entitlement land is located, as set forth in this chapter. A unit of general local government may use the payment for any governmental purpose. "(b) A unit of general local government may not receive a payment for land for which payment under this Act otherwise may be received if the land was owned or administered by a State or unit of general local government and was exempt from real estate taxes when the land was conveyed to the United States except that a unit of genersQ local government may receive a pay- ment for—
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