309 



23 



1 (d) Determination of Amount. — For each fiscal 



2 year, the Secretary, after consultation with the Comptrol- 



3 ler General, shall determine a proposed tax-equivalency 



4 amount for all lands within the Preserve. Upon determin- 



5 ing the proposed tax-equivalency amount for any political 



6 subdivision, the Secretary shall notify the local govem- 



7 ment concerned. If the local government notifies the See- 



8 retary that the local government accepts the Secretary's 



9 estimate, the Secretary shall promptly make such payment 



10 to the local government. 



1 1 (e) Disputes. — If a local government objects to the 



12 Secretaiys estimate of the tax equivalency amount pro- 



13 posed to be paid by the Secretary under this section for 



14 any fiscal year to that local government, the local govem- 



15 ment shall notify the Secretary in writing of the amount 



16 which the local government estimates to be the correct tax- 



17 equivalency amount. Upon receipt of such notice, the Sec- 



18 retary shall appoint an arbiter. The local government shall 



19 also appoint an arbiter. The arbiters appointed by the 



20 local government and the Secretary shall jointly appoint 



21 a third arbiter. The three arbiters shall con^>rise an arbi- 



22 tration panel which shall determine the tax equivalency 



23 amount to be paid under this section. The determination 



24 of the arbitration panel shall be binding on the Secretary 



25 and the local government and shall not be subject to judi- 



siaiH 



