The U.S. House on Tuesday approved a land exchange between the state of Wyoming and Grand Teton National Park.
The bill, passed by a voice vote, heads to President Bush's desk.
Sen. Craig Thomas, R-Wyo., sponsored the measure, which was passed by the Senate last October.
The proposal would allow the state to trade 1,406 acres of state school land and mineral interests within the park to the National Park Service. In exchange, the state would receive federal money and land elsewhere of equal value.
Money raised through the trade would go to Wyoming's school land trust, earnings of which help pay for K-12 education.
"Wyoming's children deserve the benefit of Wyoming's lands, and this bill helps deliver that benefit," Rep. Barbara Cubin, R-Wyo., said in a release.
When Wyoming was granted statehood, the federal government gave it scattered parcels of trust lands for the benefit of schools. The parcels in Thomas' bill were later surrounded when Grand Teton National Park was created and their use was limited.
The state has been leasing the lands for grazing and wildlife protection, raising about $2,000 annually. Absent an appraisal, state officials have guessed their value on the open market would be about $100 million.
Three parcels of land and a 40-acre tract of subsurface mineral interests would be exchanged.
The mineral interest is in the northern part of the park near Jackson Lake. The smallest parcel, 86 acres, is across the Snake River from the Jackson Hole Airport.
The two largest parcels, 640 acres each, are in the southern and eastern portions of the park near some of the park's roads.
