; and (C) shall— (i) in the case of a tract of public lands that is designated as eligible for disposal under any other applicable law, consider the conveyance of the tract of public lands to be approved for conveyance under this subsection; and (ii) in the case of a conveyance of a tract of not more than 640 acres of public lands that is not described in clause (i)— (I) complete the review process and issue a determination with respect to the approval or disapproval of the conveyance of the tract— (aa) by not later than 1 year after the date on which the tract was nominated under paragraph (2); and (bb) that includes, in the case of disapproval, an explanation of any reasons for the disapproval; or (II) if the Secretary fails to complete the review process and issue a determination by the deadline established under subclause (I)(aa), consider the conveyance approved. (4) Sale price Notwithstanding subsections (d), (f), and (g) and subject to paragraphs (5) and (6), the Secretary shall offer for sale to the nominating State or unit of local government the tract of public lands approved for conveyance under paragraph (3)(C) in exchange for an amount equal to the quotient obtained by dividing— (A) the amount equal to the product obtained by multiplying— (i) the amount of the estimated fair market value of the tract, as determined by the Secretary; and (ii) the amount of the payment that would otherwise be made to the unit of local government for the tract for the prior fiscal year under chapter 69 of title 31, United States Code