Federal Land Disposal Account

Notwithstanding any other law (except a law that specifically provides for a proportion of the proceeds to be distributed to any trust funds of any States), the gross proceeds of the sale or exchange of public land under this chapter 11 See References in Text note below. shall be deposited in a separate account in the Treasury of the United States to be known as the “Federal Land Disposal Account”. Amounts in the Federal Land Disposal Account shall be available to the Secretary and the Secretary of Agriculture, without further Act of appropriation, to carry out this chapter. Funds in the Federal Land Disposal Account shall be expended in accordance with this subsection. Except as authorized under subparagraph (C), funds shall be used to purchase lands or interests therein that are otherwise authorized by law to be acquired, and that are— The Secretary and the Secretary of Agriculture shall develop a procedure for prioritizing the acquisition of inholdings and non-Federal lands with exceptional resources as provided in paragraph (2). Such procedure shall consider— Any land acquired under this section shall be— Funds in the Federal Land Disposal Account shall not be used to purchase land or an interest in land that, as determined by the Secretary or the Secretary of Agriculture— Funds made available under this section shall be supplemental to any funds appropriated under chapter 2003 of title 54.