Reversionary Interest Conveyance Act

In plain English

What this bill does

This bill directs the Bureau of Land Management to sell the U.S. government's reversionary interest in about 8.43 acres of land in Sacramento, California, to the current owners of those parcels if they request it. A reversionary interest is the government's right to have the land revert back to it under certain conditions, and selling it clears that claim from the property. The buyer must pay at least fair market value plus all related costs, and the proceeds go into a federal land account.

Who it affects

It would most directly affect the current owners of record of the specific Sacramento parcels, who could buy out the government's leftover claim on their land, and preserves an existing railroad right-of-way tied to the Southern Pacific Transportation Company.

Key points

• •The BLM must offer and convey the government's reversionary interest to a requesting landowner within two years of the request.
• •The buyer must pay at least fair market value, determined by appraisal, plus all survey, appraisal, and administrative costs.
• •The conveyance is subject to valid existing rights and preserves a railroad right-of-way of at least 50 feet on each side of the main track(s).
• •Sale proceeds go into the Federal Land Disposal Account.
• •The bill does not validate land claims based on adverse possession, prescription, or abandonment not previously confirmed.

Plain-English summary generated by AI from the official record. Neutral by design; verify against the official text linked above.