To provide for the conveyance of certain Bureau of Land Management land in the State of Nevada to the Las Vegas Motor Speedway.

SA 1012. Mr. ENSIGN submitted an amendment intended to be proposed by
him to the bill H.R. 2361, making appropriations for the Department of
the Interior, environment, and related agencies for the fiscal year
ending September 30, 2006, and for other purposes; which was ordered to
lie on the table; as follows:

On page 254, after line 25, add the following:
Sec. 4___. (a) In this section:
(1) The term ``Federal land'' means the approximately 115
acres of Bureau of Land Management land identified on the map
as ``Lands identified for Las Vegas Speedway Parking Lot
Expansion''.
(2) The term ``map'' means the map entitled ``Las Vegas
Motor Speedway Improvement Act'', dated February 4, 2005, and
on file in the Office of the Director of the Bureau of Land
Management.
(3) The term ``Secretary'' means the Secretary of the
Interior.
(b)(1) If, not later than 30 days after the date of
completion of the appraisal required under paragraph (2),
Nevada Speedway, LLC, submits to the Secretary an offer to
acquire the Federal land for the appraised value,
notwithstanding the land use planning requirements of section
202 and 203 of the Federal Land Policy and Management Act of
1976 (43 U.S.C. 1712, 1713), the Secretary shall, not later
than 30 days after the date of the offer, convey to Nevada
Speedway, LLC, the Federal land, subject to valid existing
rights.
(2)(A) Not later than 90 days after the date of enactment
of this Act, the Secretary shall complete an appraisal of the
Federal land.
(B) The appraisal under subparagraph (A) shall be conducted
in accordance with--
(i) the Uniform Appraisal Standards for Federal Land
Acquisitions; and
(ii) the Uniform Standards of Professional Appraisal
Practice.
(C) All costs associated with the appraisal required under
subparagraph (A) shall be paid by Nevada Speedway, LLC.
(c) Not later than 30 days after the date on which the
Federal land is conveyed under subsection (b)(1), as a
condition of the conveyance, Nevada Speedway, LLC, shall pay
to the Secretary an amount equal to the appraised value of
the Federal land, as determined under subsection (b)(2).
(d) As a condition of the conveyance, any costs of the
conveyance under subsection (b)(1) shall be paid by Nevada
Speedway, LLC.
(e) If Nevada Speedway, LLC, or any subsequent owner of the
Federal land conveyed under subsection (b)(1), uses the
Federal land for purposes other than a parking lot for the
Nevada Speedway, all right, title, and interest in and to the
land (and any improvements to the land) shall revert to the
United States at the discretion of the Secretary.
(f) The Secretary shall deposit the proceeds from the
conveyance of Federal land under subsection (b)(1) in
accordance with section 4(e)(1) of the Southern Nevada Public
Land Management Act of 1998 (112 Stat. 2345).
(g)(1) Except as provided in subsection (b)(1) and subject
to valid existing rights, the Federal land is withdrawn
from--
(A) all forms of entry, appropriation, and disposal under
the public land laws;
(B) location, entry, and patent under the mining laws; and
(C) operation of the mineral leasing, mineral materials,
and geothermal leasing laws.

[[Page S7380]]

(2) The withdrawal of the Federal land under paragraph (1)
shall be in effect for the period beginning on the date of
enactment of this Act and ending on the earlier of--
(A) the date that is 2 years after the date of enactment of
this Act; or
(B) the date of the completion of the conveyance of Federal
land under subsection (b)(1).
______