16 U.S.C. § 272g — Land exchange involving school trust land

(a) Exchange requirement
(1) In general — If, within one year after October 30, 1998, and following this section's rules, Utah offers to transfer all its right, title, and interest in the school trust land described in subsection (b)(1) to the United States, the Secretary (A) must accept that offer on the United States' behalf, and (B) within 180 days of accepting, must convey to Utah all the United States' right, title, and interest in the land described in subsection (b)(2).
(2) Simultaneous conveyances — Title to the school trust land must be conveyed at the same time as title to the federal land.
(3) Valid existing rights — The exchange is subject to valid existing rights, such as an existing lease, right-of-way, or permit affecting the land. Each side takes on the other party's rights and obligations regarding those existing arrangements.

(b) Description of parcels
(1) State conveyance — The school trust land Utah conveys is section 16, Township 23 South, Range 22 East of the Salt Lake base and meridian.
(2) Federal conveyance — The federal land the Secretary conveys to Utah is about 639 acres in section 1, Township 25 South, Range 18 East, Salt Lake base and meridian, described as (A) Lots 1 through 12, (B) the S½N½ of that section, and (C) the N½N½N½S½ of that section.
(3) Equivalent value — This federal land is treated as equivalent in value to the school trust land, under this law itself.

(c) Management by State
(1) In general — At least 60 days before disturbing the surface of any land it acquires under this section, Utah must consult with the Utah State Office of the Bureau of Land Management about the extent and impact of that activity on federal land and resources, and must inventory, mitigate, and manage any archaeological, paleontological, and cultural resources on the acquired land, consistent with federal law.
(2) Preservation of existing uses — As far as it is consistent with the laws governing Utah's own school trust land, the state must preserve the grazing, recreational, and wildlife uses that existed on the acquired land as of October 30, 1998.
(3) Activities authorized by management plan — Nothing in this subsection stops Utah from authorizing or undertaking a surface or mineral activity that is authorized by a land management plan for the acquired land.