; or (2) subject to subsection (c), if the overall value of the parcels is not equal, the party conveying the parcel of lesser value shall— (A) equalize the value by the payment of funds to the other party; or (B) enter the imbalance in value on a ledger account in accordance with subsection (e). (b) Appraisal required (1) In general Except as provided in subsection (d), the value of the unappropriated Federal land selected in accordance with this Act and the value of a State land grant parcel conveyed under this Act shall be determined by appraisals conducted by 1 or more independent appraisers selected jointly by the Secretary and the State. (2) Requirements An appraisal under paragraph (1) shall be completed in accordance with— (A) the Uniform Appraisal Standards for Federal Land Acquisitions; or (B) subject to subsection (d)(1), the Uniform Standards for Professional Appraisal Practice. (c) Equalization With respect to a conveyance to the Secretary of a State land grant parcel of lesser value than the parcel of unappropriated Federal land to be conveyed to the State under this Act, the total value of the equalization payment described in subsection (a)(2)(A) or the ledger entry described in subsection (e), as applicable, may not exceed 25 percent of the total value of the parcel of unappropriated Federal land. (d) Low value parcels (1) In general The Secretary, with the consent of the State, may use mass appraisals, a summary appraisal, or a statement of value made by a qualified appraiser carried out in accordance with the Uniform Standards for Professional Appraisal Practice to determine the value of a State land grant parcel or a parcel of unappropriated Federal land to be conveyed under this Act instead of an appraisal that complies with the Uniform Appraisal Standards for Federal Land Acquisitions if the State and the Secretary agree that market value of the State land grant parcel or parcel of unappropriated Federal land, as applicable, is— (A) less than $500,000