; and (B) on receipt of all right, title, and interest in and to the non-Federal land, convey to the State (or a designee) all right, title, and interest of the United States in and to the Federal land. (2) Conveyance of parcels in phases (A) In general Notwithstanding that appraisals for all of the parcels of Federal land and non-Federal land may not have been approved under subsection (c)(5), parcels of the Federal land and non-Federal land may be exchanged under paragraph (1) in phases, to be mutually agreed by the Secretary and the State, beginning on the date on which the appraised values of the parcels included in the applicable phase are approved. (B) No agreement on exchange If any dispute or delay arises with respect to the exchange of an individual parcel of Federal land or non-Federal land under paragraph (1), the Secretary and the State may mutually agree to set aside the individual parcel to allow the exchange of the other parcels of Federal land and non-Federal land to proceed. (3) Exclusion (A) In general The Secretary shall exclude from any conveyance of a parcel of Federal land under paragraph (1) any Federal land that contains critical habitat designated for a species listed as an endangered species or a threatened species under the Endangered Species Act of 1973 ( 16 U.S.C. 1531 et seq.). (B) Requirement Any Federal land excluded under subparagraph (A) shall be the smallest area necessary to protect the applicable critical habitat. (4) Applicable law (A) In general The land exchange under paragraph (1) shall be subject to section 206 of the Federal Land Policy and Management Act of 1976 ( 43 U.S.C. 1716 ) and other applicable law. (B) Land use planning With respect to the Federal land to be conveyed under paragraph (1), the Secretary shall not be required to undertake any additional land use planning under section 202 of the Federal Land Policy and Management Act of 1976 ( 43 U.S.C. 1712 ) before the conveyance of the Federal land. (5) Valid existing rights The land exchange under paragraph (1)