Land exchange, Camp Pike and Camp Joseph T. Robinson, Arkansas

(a) Exchange authorized The Secretary of the Army (referred to in this section as the Secretary) may convey to the State of Arkansas all right, title, and interest of the United States in and to a parcel of real property, including any improvements thereon, consisting of approximately 16.02 acres at Camp Pike, North Little Rock, Arkansas, containing the facility commonly known as the 90th Readiness Division Headquarters and other real property north of Arkansas Avenue road as is determined by the survey under subsection (d)(1). (b) Consideration (1) As consideration for the conveyance under subsection (a), the State of Arkansas may convey to the United States all right, title, and interest of the State of Arkansas in and to a parcel of real property, including any improvements thereon, consisting all or part of approximately 68.16 acres at Camp Joseph T. Robinson, North Little Rock, Arkansas, containing the facility commonly known as the Chappell Armory and such additional adjoining lands as is determined by the survey under subsection (d)(1). (2) The exchange of real property under this section shall be for parcels of approximately equal value, as determined by the Secretary through an appraisal acceptable to the Secretary. Pursuant to section 18240 of title 10, United States Code, no monetary consideration may be provided or accepted by either party to equalize the value of the properties exchanged. (c) Extinguishment of reversionary interest In connection with the exchange authorized by this section, the Secretary shall extinguish the reversionary interest of the United States, created by the Act of June 30, 1950 (64 Stat. 311, chapter 429), applicable to the property to be conveyed by the State of Arkansas under subsection (b)(1). (d) Surveys and property descriptions (1) Determination The exact acreage and legal descriptions of the real property to be exchanged under this section shall be determined by surveys satisfactory to the Secretary. (2) Costs The State of Arkansas shall be responsible for all costs associated with the exchange authorized by this section, including the costs of surveys, appraisals, and any other administrative or environmental documentation required to complete the exchange. (e) Additional terms and conditions The Secretary may require such additional terms and conditions in connection with the conveyances under this section as the Secretary considers appropriate to protect the interests of the United States. (f) Rule of construction Nothing in this section shall be construed to affect or limit the application of, or any requirement for, environmental remediation under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (42 U.S.C. 9601 et seq.) or any other law.