Text: H.R.4166 — 105th Congress (1997-1998)All Information (Except Text)
Public Law No: 105-296 (10/27/1998)
[105th Congress Public Law 296]
[From the U.S. Government Printing Office]
[[Page 112 STAT. 2822]]
Public Law 105-296
To amend the Idaho Admission Act regarding the sale or lease of school
land. <<NOTE: Oct. 27, 1998 - [H.R. 4166]>>
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SALE, LEASE, OR EXCHANGE OF IDAHO SCHOOL LAND.
The Act of July 3, 1890 (commonly known as the ``Idaho Admission
Act'') (26 Stat. 215, chapter 656), is amended by striking section 5 and
inserting the following:
``SEC. 5. SALE, LEASE, OR EXCHANGE OF SCHOOL LAND.
``(1) In general.--Except as provided in subsection (c), all
land granted under this Act for educational purposes shall be
sold only at public sale.
``(2) Use of proceeds.--
``(A) In general.--Proceeds of the sale of school
``(i) except as provided in clause (ii), shall
deposited in the public school permanent endowment
fund and expended only for the support of public
``(ii)(I) may be deposited in a land bank fund
to be used to acquire, in accordance with State
law, other land in the State for the benefit of
the beneficiaries of the public school permanent
endowment fund; or
``(II) if the proceeds are not used to acquire
other land in the State within a period specified
by State law, shall be transferred to the public
school permanent endowment fund.
``(B) Earnings reserve fund.--Earnings on amounts in
the public school permanent endowment fund shall be
deposited in an earnings reserve fund to be used for the
support of public schools of the State in accordance
with State law.
``(b) Lease.--Land granted under this Act for educational
purposes may be leased in accordance with State law.
``(1) In general.--Land granted for educational purposes
under this Act may be exchanged for other public or private
``(2) Valuation.--The values of exchanged lands shall be
approximately equal, or, if the values are not approximately
equal, the values shall be equalized by the payment of funds by
the appropriate party.
``(3) Exchanges with the united states.--
[[Page 112 STAT. 2823]]
``(A) In general.--A land exchange with the United
States shall be limited to Federal land within the State
that is subject to exchange under the law governing the
administration of the Federal land.
``(B) Previous exchanges.--All land exchanges made
with the United States before the date of the enactment
of this paragraph are approved.
``(d) Reservation for School Purposes.--Land granted for educational
purposes, whether surveyed or unsurveyed, shall not be subject to
preemption, homestead entry, or any other form of entry under the land
laws of the United States, but shall be reserved for school purposes
Approved October 27, 1998.
LEGISLATIVE HISTORY--H.R. 4166:
HOUSE REPORTS: No. 105-705 (Comm. on Resources).
SENATE REPORTS: No. 105-393 (Comm. on Energy and Natural Resources).
CONGRESSIONAL RECORD, Vol. 144 (1998):
Sept. 15, considered and passed House.
Oct. 7, considered and passed Senate.