PUBLIC LAW 105-60 —OCT. 10, 1997 111 STAT. 1271 SEC. 5. PROCESSING OF AND TERMS AND CONDITIONS RELATING TO 16 USC 431 note, LAND EXCHANGE. 1132 note. (a) SURVEYS.— Notwithstanding any other provision of law, the Secretary of the Interior may conduct and approve all cadastral surveys that are necessary for completion of the exchange. The cost of any surveys shall be borne by the Company. (b) EQUAL VALUE EXCHANGE.— The values of the Federal Property and the Company Property are deemed to be of equal value. (c) ADMINISTRATION. — The Secretary is directed to implement and administer the rights and obligations of the United States under this Act. (d) CLEANUP OBLIGATIONS. —Nothing in this Act shall impact or alter the Compan5r's rights, duties, and obligations regarding investigation, remediation, cleanup, and restoration under its September 10, 1995, Commitment Agreement with the State of Alaska or other applicable law. The Company shall use its property consistent with all restrictive covenants, including those restrictive covenants recorded on September 4, 1997. (e) TITLE STANDARDS. — Title to the Company Property to be conveyed to the United States shall be acceptable to the Secretary consistent with the title review standard of the Attorney General of the United States. SEC. 6. GENERAL PROVISIONS. 16 USC 431 note, (a) MANAGEMENT OF COMPANY PROPERTY.—Upon acquisition °°*®' of the Company Property by the United States pursuant to this Act, said property shall be managed as a part of the Admiralty Island National Monument and the Kootznoowoo Wilderness. (b) AUTHORIZATION TO NEGOTIATE FOR ACQUISITION OF PROPERTY. —In furtherance of the purposes of the Kootznoowoo Wilderness, the Secretary, acting through the Forest Service, is authorized to enter into negotiations with the owners of private property in Chaik Bay on Admiralty Island, with the objective of acquiring such property. The Secretary is authorized to enter into an option to purchase or an exchange agreement with the owners of such property to be effected either through existing administrative mechanisms provided by law and regulation, or by subsequent ratification by Act of Congress. Approved October 10, 1997. LEGISLATIVE HISTORY—H.R. 1948 (S. 1015): HOUSE REPORTS: No. 105-261 (Coram, on Resources). SENATE REPORTS: No. 105-90 accompanying S. 1015 (Comm. on Energy and NatujrsJ. RcsoixrcGs) CONGRESSIONAL RECORD, Vol. 143 (1997): Sept. 23, considered and passed House. Sept. 30, considered and passed Senate.
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