1. Short title This Act may be cited as the California Desert Conservation Enhancement Act . 2. California state school land Section 707 of the California Desert Protection Act of 1994 ( 16 U.S.C. 410aaa–77 ) is amended— (1) in subsection (c), by adding at the end the following: (5) Special deposit fund account (A) In general Assembled land exchanges may be used to carry out this section through the sale of surplus Federal property and subsequent acquisitions of State school land. (B) Receipts Past and future receipts from the sale of property described in subsection (a), less any costs incurred related to the sale, shall be deposited in a Special Deposit Fund Account established in the Treasury. (C) Use Funds accumulated in the Special Deposit Fund Account may be used by the Secretary, without an appropriation, to acquire State school lands or interest in the land consistent with this section. ; and (2) by adding at the end the following: (e) Memorandum of agreement (1) Transactions before January 1, 2018 Any transaction completed pursuant to this section before January 1, 2018— (A) is deemed to be in compliance with the terms of the October 26, 1995, Memorandum of Agreement between the commission, the general services administration, and the Secretary