The bill would let owners of record of certain Sacramento parcels ask the Interior Department to sell them its land interest, if they pay the appraised value and sale costs.
Owners of record of about 8.43 acres under federal management in Sacramento could ask to buy the United States’ future interest in the land. They must pay at least fair market value and all sale-related costs.
The text says the sale cannot shrink the railroad right-of-way below 50 feet on either side of the tracks or validate certain land claims not confirmed by an earlier Southern Pacific conveyance.
The Interior Secretary, acting through the Bureau of Land Management, must offer the applicable federal interest and convey the land to the buyer after payment. The offer covers about 8.43 acres under federal management in Sacramento, and only the owner of record may request to buy the parcels they own. The buyer must pay at least fair market value and all sale-related costs, including appraisal and survey costs. The sale is subject to valid existing rights. The value must be appraised under federal land-sale and professional appraisal standards. The Secretary must offer the interest within two years after receiving a request. The land is conveyed after payment.
The text says the Act cannot narrow the railroad right-of-way or confirm certain land claims. These limits concern the covered land and the Southern Pacific railroad tracks there. The right-of-way cannot be reduced below 50 feet on each side of the center of the tracks. The text does not validate claims based on long-term occupation, long-term use, or abandonment unless Southern Pacific conveyed the claim before the Act’s enactment. The right-of-way measurement is based on tracks maintained on the Act’s enactment date; the claim exception depends on whether Southern Pacific conveyed the claim before that date.
No hearings or votes scheduled.