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US HR1563

US HR1563
Chester County Reversionary Interest Release Act


summary

Introduced
03/06/2019
In Committee
03/27/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

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. This bill directs the Department of Agriculture (USDA) to release the reversionary interest of the United States in a 0.62-acre parcel of land in Chickasaw State Forest in Tennessee (the state forest land), if, as consideration for the release, the State of Tennessee agrees to transfer to the United States a vested future interest in the 0. 90-acre parcel known as the Webb property that is similar to such interest, in order to facilitate a land exchange between Bethel Baptist Church in Henderson, Tennessee, and the state. As soon as the state has complied with specified requirements concerning the deed for the state forest land, Interior shall convey to the state the undivided mineral interest of the United States in such land. Additionally, Interior must determine the mineral character of the state forest land and the fair market value of the U.S. mineral interests 90 days after enactment of this bill.

AI Summary

This bill directs the Department of Agriculture (USDA) to release the reversionary interest of the United States in a 0.62-acre parcel of land in Chickasaw State Forest in Tennessee, if the State of Tennessee agrees to transfer to the United States a vested future interest in a 0.90-acre parcel known as the Webb property. This land exchange is intended to facilitate a transaction between Bethel Baptist Church in Henderson, Tennessee, and the state. Additionally, the bill requires the Department of the Interior to determine the mineral character and fair market value of the state forest land within 90 days of the bill's enactment, and the state must pay the administrative costs and fair market value of the U.S. mineral interests before the interests are conveyed to the state.

Committee Categories

Agriculture and Natural Resources

Sponsors (1)

Last Action

Referred to the Subcommittee on Conservation and Forestry. (on 03/27/2019)

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