H.R. 952 — Reversionary Interest Conveyance Act

This section directs the Secretary of the Interior, acting through the Bureau of Land Management, to offer and convey, not later than two years after receiving a request from the owner of record, the United States' reversionary interests in approximately 8.43 acres of land in Sacramento, California, as depicted on the map titled “Lands Proposed for Release from Any and All Reversionary Interests of the United States, including interests under the Act of July 1, 1862 (12 Stat. 489),” dated November 7, 2022. The conveyance is subject to valid existing rights and requires payment by the buyer of fair market value (determined in accordance with the Federal Land Policy and Management Act of 1976 and uniform appraisal standards), plus all related costs (e.g., surveys, appraisals, and administrative expenses). Proceeds are deposited in the Federal Land Disposal Account established under the Federal Land Transaction Facilitation Act (43 U.S.C. 2305(a)) and used in accordance with that Act (i.e., primarily to acquire inholdings and lands with exceptional resources, with at least 80% of funds spent in the state of origin).

This section specifies that nothing in this Act (1) diminishes the right-of-way associated with the covered land in section 2 to a width of less than 50 feet on each side of the center of the main track or tracks established and maintained by the Southern Pacific Transportation Company as of enactment; or (2) validates or confirms any right, title, or interest in such land arising from adverse possession, prescription, or abandonment unless confirmed by a conveyance from the company before enactment.