- (a) The net proceeds derived from any sale or exchange of parcels in § 254.32(b) and (d) and § 254.37 shall be deposited in the fund commonly known as the “Sisk Act” account.
(b) Amounts deposited shall be available until expended for:
- (1) Acquisition of land or interests in land for administrative sites for the National Forest System in the State from which the amounts were derived; or
- (2) Acquisition of land or interests in land for inclusion in the National Forest System in that State, including land or interests in land that enhance opportunities for recreational access.
- (3) Reimbursement for costs incurred in preparing a sale conducted under § 254.37 if the sale is a competitive sale.
[85 FR 8181, Feb. 13, 2020, as amended at 85 FR 60916, Sept. 29, 2020]