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This bill requires that the federal government not acquire more land in any state during a fiscal year than it disposes of in that state during the same year. The bill mandates annual inventories and reports on federal land holdings by the Departments of Interior and Agriculture, and requires the President to convey sufficient federal land to states within 24 months if acquisitions exceed disposals in a given fiscal year. The bill exempts certain categories of land from these requirements, including tribal lands, foreclosed property, and land securing federal debt.
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