; and (B) in exchange for the relinquished land, select unappropriated public land in the State for conveyance by the Secretary to the State. (2) Processing The Secretary shall promptly process any application filed under this section in accordance with subsection (c). (3) Valid existing rights (A) In general Any land conveyed under this section shall be subject to valid existing rights. (B) Succession Each party to whom land is conveyed under this section shall succeed to the rights and obligations of the conveying party with respect to any lease, right-of-way, permit or other valid existing right to which the conveyed land is subject. (c) Application and conveyance procedures (1) Approval or disapproval of applications (A) Deadline for approval Not later than 1 year after the date on which an application is filed under this section, the Secretary shall issue a final approval or disapproval of the application. (B) Partial approval authorized An application may be approved by the Secretary in whole or in part. (C) Limitation The Secretary shall not approve any application that the Secretary determines would create irreconcilable management conflicts with respect to the management of adjacent Federal land. (2) Conveyance (A) Conveyance by State The conveyance of any State land grant parcel under this section shall be by patent or deed acceptable to the Secretary. (B) Conveyance by Secretary (i) Deadline for conveyance of unappropriated public land Not later than 90 days after the date on which the Secretary issues a final approval with respect to an application for the conveyance of unappropriated public land, the Secretary shall convey the applicable unappropriated public land to the State. (ii) Terms and conditions The conveyance of unappropriated public land by the Secretary to the State under this section shall include such terms and conditions as the Secretary may require. (3) Environmental analysis (A) In general Except as otherwise provided in this subsection, the Secretary shall convey unappropriated