Enrolled Bill

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 952 Enrolled Bill (ENR)]

        H.R.952

                     One Hundred Nineteenth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

          Begun and held at the City of Washington on Saturday,
          the third day of January, two thousand and twenty-six


                                 An Act


 
To convey the reversionary interest of the United States in certain land 
                       in Sacramento, California.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
    This Act may be cited as the ``Reversionary Interest Conveyance 
Act''.
SEC. 2. CONVEYANCE OF UNITED STATES INTEREST IN CERTAIN LAND.
    (a) Definitions.--In this section:
        (1) Covered land.--The term ``covered land'' means the 
    approximately 8.43 acres of land under the administrative 
    jurisdiction of the Bureau of Land Management in Sacramento, 
    California, as generally depicted as ``Proposed Easements to be 
    Released'' on the map titled ``Lands Proposed for Release from Any 
    and All Reversionary Interests of the United States, including 
    interests under the Act of July 1, 1862 (12 Stat. 489)'', dated 
    November 7, 2022.
        (2) Buyer.--(A) The term ``buyer'' means the owner of record of 
    any of the parcels included in the covered land at the time of the 
    requested conveyance.
        (B) Buyer may only request and purchase the covered land's 
    reversionary interest for the parcels of which the owner is the 
    owner of record at the time of request.
        (3) Reversionary interest.--The term ``reversionary interest'' 
    means all reversionary interests of the United States in the 
    covered land.
        (4) Secretary.--The term ``Secretary'' means the Secretary of 
    the Interior, acting through the Bureau of Land Management.
    (b) Conveyance.--Not later than two years after the Secretary 
receives a request from the buyer, the Secretary shall offer to the 
buyer the applicable reversionary interest subject to the requirements 
in subsection (c), and shall convey the lands to buyer upon payment of 
the appraised value.
    (c) Requirements.--Any conveyance under this section--
        (1) shall be subject to valid existing rights; and
        (2) shall be for not less than fair market value.
    (d) Payment of Fair Market Value.--The Secretary shall determine 
the fair market value of the applicable reversionary interest--
        (1) in accordance with the Federal Land Policy and Management 
    Act of 1976 (43 U.S.C. 1701 et seq.); and
        (2) based on an appraisal that is conducted in accordance 
    with--
            (A) the Uniform Appraisal Standards for Federal Land 
        Acquisitions; and
            (B) the Uniform Standards of Professional Appraisal 
        Practice.
    (e) Costs.--In addition to the fair market value determined under 
subsection (d), the buyer shall pay all costs related to the applicable 
conveyance of the reversionary inter est, including all surveys, 
appraisals, and other administrative costs.
    (f) Proceeds From the Sale of Land.--The proceeds from the sale of 
the applicable reversionary interest shall be--
        (1) deposited in the Federal Land Disposal Account established 
    by section 206(a) of the Federal Land Transaction Facilitation Act 
    (43 U.S.C. 2305(a)); and
        (2) used in accordance with that Act.
SEC. 3. STATUTORY CONSTRUCTION.
    Nothing in this Act shall--
        (1) diminish the right-of-way associated with the covered land 
    in section 2 to a width of less than 50 feet on each side of the 
    center of the main track or tracks established and maintained by 
    the Southern Pacific Transportation Company on the date of the 
    enactment of this Act; or
        (2) validate or confirm any right or title to, or interest in 
    the land referred to in section 2 arising out of adverse 
    possession, prescription, or abandonment, and not confirmed by 
    conveyance made by the Southern Pacific Transportation Company 
    before the date of the enactment of this Act.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.