1. Short title This Act may be cited as the Pilot Butte Power Plant Conveyance Act . 2. Definitions In this Act: (1) Agreement The term Agreement means the agreement entered into under section 3(a). (2) District The term District means the Midvale Irrigation District located in Pavillion, Wyoming. (3) Power plant The term Power Plant means the Pilot Butte Power Plant and other appurtenant facilities in the State of Wyoming authorized under the Act of March 2, 1917 (39 Stat. 969, chapter 146), transferred to the jurisdiction of the Bureau of Reclamation under the Act of June 5, 1920 (41 Stat. 874, chapter 235), and incorporated into the Riverton Unit of the Pick-Sloan Missouri Basin Program under Public Law 91–409 (84 Stat. 861), including the underlying land. (4) Secretary The term Secretary means the Secretary of the Interior, acting through the Commissioner of Reclamation. 3. Agreement, conveyance, and report (a) Agreement Not later than 2 years after the date of enactment of this Act, the Secretary shall enter into good faith negotiations with the District to enter into an agreement to determine the legal, institutional, and financial terms for the conveyance of the Power Plant from the Secretary to the District. (b) Conveyance (1) In general In consideration for the District assuming from the United States all liability for the administration, operation, maintenance, and replacement of the Power Plant, the Secretary shall offer to convey and assign to the District all right, title, and interest of the United States in and to the Power Plant— (A) subject to valid leases, permits, rights-of-way, easements, and other existing rights; and (B) in accordance with— (i) the terms and conditions described in the Agreement