To authorize a land exchange.

1. Adds SEC. 12__. TULSA PORT OF CATOOSA, ROGERS COUNTY, OKLAHOMA LAND EXCHANGE at the end of title XII

   Adds a section

   Inserted: SEC. 12__. TULSA PORT OF CATOOSA, ROGERS COUNTY, OKLAHOMA LAND EXCHANGE.

   Inserted: (a) Definitions.--In this section:

   Inserted: (1) Federal land.--The term "Federal land" means the approximately 87 acres of land situated in Rogers County, Oklahoma, contained within United States Tracts 413 and 427, and acquired for the McClellan-Kerr Arkansas Navigation System.

   Inserted: (2) Non-federal land.--The term "non-Federal land" means the approximately 34 acres of land situated in Rogers County, Oklahoma and owned by the Tulsa Port of Catoosa that lie immediately south and east of the Federal land.

   Inserted: (b) Land Exchange.--Subject to subsection (c), on conveyance by the Tulsa Port of Catoosa to the United States of all right, title, and interest in and to the non-Federal land, the Secretary shall convey to the Tulsa Port of Catoosa, all right, title, and interest of the United States in and to the Federal land.

   Inserted: (c) Conditions.--

   Inserted: (1) Deeds.--

   Inserted: (A) Deed to non-federal land.--The Secretary may only accept conveyance of the non-Federal land by warranty deed, as determined acceptable by the Secretary.

   Inserted: (B) Deed to federal land.--The Secretary shall convey the Federal land to the Tulsa Port of Catoosa by quitclaim deed and subject to any reservations, terms, and conditions that the Secretary determines necessary to--

   Inserted: (i) allow the United States to operate and maintain the McClellan-Kerr Arkansas River Navigation System; and

   Inserted: (ii) protect the interests of the United States.

   Inserted: (2) Legal descriptions.--The exact acreage and legal descriptions of the Federal land and the non-Federal land shall be determined by surveys acceptable to the Secretary.

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   Inserted: (3) Payment of costs.--The Tulsa Port of Catoosa shall be responsible for all costs associated with the land exchange authorized by this section, including any costs that the Secretary determines necessary and reasonable in the interest of the United States, including surveys, appraisals, real estate transaction fees, administrative costs, and environmental documentation.

   Inserted: (4) Cash payment.--If the appraised fair market value of the Federal land, as determined by the Secretary, exceeds the appraised fair market value of the non-Federal land, as determined by the Secretary, the Tulsa Port of Catoosa shall make a cash payment to the United States reflecting the difference in the appraised fair market values.

   Inserted: (5) Liability.--The Tulsa Port of Catoosa shall hold and save the United States free from damages arising from activities carried out under this section, except for damages due to the fault or negligence of the United States or a contractor of the United States.

   Original wording

   At the end of title XII, add the following:

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As printed