Section 1. Authorization.
Pursuant to the requirements of section 20(b) of the act of June 22, 1964 (Sp.Sess., P.L.131, No.8), known as the Project 70 Land Acquisition and Borrowing Act, the General Assembly hereby authorizes the release of Project 70 restrictions from the lands owned by the Ridgway Township Municipal Authority, Elk County, and described in section 2, in exchange for imposition of Project 70 restrictions on the lands described in section 3 which are being conveyed to the Ridgway Township Municipal Authority, Elk County, along with a donation of $50,000 for Sandy Beach Park.