; (B) in exchange for State lands of equal value; (C) in satisfaction of land selection rights pursuant to the law by which the State was admitted to the Union; or (D) any combination of the preceding paragraphs. (2) Identifies the eligible portions of the National Forest System to be acquired and the method by which the State will acquire the land. (3) Acceptance by the State that acquisition of the identified eligible portions of the National Forest System is subject to valid existing rights. (4) Acceptance by the State of the procedures specified in this Act and the transition provisions of this Act. (5) In the case of the State of Alaska, acceptance by the State of the rights and obligations of the United States under the Alaska Native Claims Settlement Act with respect to acquired lands, rights in such lands, and use of lands acquired by that State shall not be infringed by that State. (6) Specification that up to 50 percent of the annual harvest of timber from eligible portions of the National Forest System to be acquired shall be offered in at least 10-year contracts, and timber sales shall, to the maximum extent practicable, provide sufficient volume to meet the needs of all wood processing operations existing in that State as of the date of the enactment of this Act, and forest operations shall be performed in compliance with the State forest practices law. (7) Acceptance by the State that eligible portions of the National Forest System open to mineral entry under the general mining laws of the United States shall remain open to mineral entry under State law unless subsequently changed by a State mineral closing order. (c) Multiple State laws