Chester County Reversionary Interest Release Act

I 116TH CONGRESS 1ST SESSION H. R. 1563 To direct the Secretary of Agriculture to release certain reversionary interests of the United States in and to a parcel of land located in Henderson, Tennessee. IN THE HOUSE OF REPRESENTATIVES MARCH 6, 2019 Mr. GREEN of Tennessee introduced the following bill; which was referred to the Committee on Agriculture A BILL To direct the Secretary of Agriculture to release certain reversionary interests of the United States in and to a parcel of land located in Henderson, Tennessee. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Chester County Rever- 4 sionary Interest Release Act’’. 5 SEC. 2. DEFINITIONS. 6 In this Act: 7 (1) SECRETARY.—The term ‘‘Secretary’’ means 8 the Secretary of Agriculture. 9 VerDate Sep 11 2014 18:15 Mar 20, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1563.IH H1563 pamtmann on DSKBFK8HB2PROD with BILLS 2 •HR 1563 IH (2) STATE.—The term ‘‘State’’ means the State 1 of Tennessee. 2 (3) STATE FOREST LAND.—The term ‘‘State 3 forest land’’ means the approximately 0.62-acre par- 4 cel of land in Chickasaw State Forest that is identi- 5 fied as ‘‘State Forest Land’’ on the map prepared 6 by the Forest Service entitled ‘‘State Forest Land 7 Detail Map’’ and dated October 9, 2018. 8 (4) WEBB PROPERTY.—The term ‘‘Webb prop- 9 erty’’ means the approximately 0.90-acre parcel of 10 land owned by Kirby and Leta Webb identified as 11 ‘‘Webb Property Lot 1’’ on the map prepared by the 12 Tennessee Division of Forestry entitled ‘‘Webb 13 Property Detail Map’’ and dated October 9, 2018. 14 SEC. 3. RELEASE OF REVERSIONARY INTEREST. 15 (a) RELEASE.—To facilitate an exchange of land be- 16 tween the Bethel Baptist Church in Henderson, Ten- 17 nessee, and the State, the Secretary shall release the re- 18 versionary interest of the United States in and to the 19 State forest land described in subsection (b) if, as consid- 20 eration for the release, the State agrees to transfer to the 21 United States a vested future interest in and to the Webb 22 property that is similar to the reversionary interest de- 23 scribed in subsection (b). 24 VerDate Sep 11 2014 18:15 Mar 20, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H1563.IH H1563 pamtmann on DSKBFK8HB2PROD with BILLS 3 •HR 1563 IH (b) DESCRIPTION OF REVERSIONARY INTEREST.— 1 The reversionary interest referred to in subsection (a) is 2 the reversionary interest of the United States in and to 3 the State forest land that— 4 (1) requires that the State forest land be used 5 for public purposes; and 6 (2) is contained in a deed— 7 (A) granting from the United States to the 8 State the State forest land; 9 (B) dated August 12, 1955; and 10 (C) registered on page 588 of book 48 of 11 the record of deeds for Chester County, Ten- 12 nessee. 13 SEC. 4. SALE OF MINERAL RIGHTS. 14 (a) IN GENERAL.—Subject to any valid existing 15 rights of third parties, as soon as practicable after the 16 date on which the Secretary determines that the State has 17 complied with the requirements of subsection (b)(2), the 18 Secretary shall convey to the State the undivided mineral 19 interests of the United States in and to the State forest 20 land. 21 (b) TERMS OF CONVEYANCE.— 22 (1) IN GENERAL.—Not later than 90 days after 23 the date of enactment of this Act, the Secretary 24 shall determine— 25 VerDate Sep 11 2014 18:15 Mar 20, 2019 Jkt 089200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H1563.IH H1563 pamtmann on DSKBFK8HB2PROD with BILLS 4 •HR 1563 IH (A) the mineral character of the State for- 1 est land; and 2 (B) the fair market value of the mineral 3 interests referred to in subsection (a). 4 (2) PAYMENT OF COSTS.—As a condition of the 5 conveyance under subsection (a), the State shall pay 6 to the United States— 7 (A) any administrative costs incurred by 8 the United States in conveying to the State the 9 mineral interests referred to in subsection (a), 10 including the costs incurred by the Secretary in 11 making the determinations required under 12 paragraph (1); and 13 (B) an amount equal to the fair market 14 value of the mineral interests referred to in sub- 15 section (a), as determined under paragraph 16 (1)(B). 17 Æ VerDate Sep 11 2014 18:15 Mar 20, 2019 Jkt 089200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6301 E:\BILLS\H1563.IH H1563 pamtmann on DSKBFK8HB2PROD with BILLS