Directs the Secretary and the Corporation to enter into an agreement, binding on any successor or assignee, that ensures that the property conveyed shall, consistent with the site's historic purposes: (1) be available in perpetuity for public education and historic preservation; and (2) provide to the public, in perpetuity and without charge, access to the property.
Directs the Secretary to require that the Church of Jesus Christ of Latter Day Saints and its current or future affiliated corporations grant the United States a right of first refusal to acquire the property at historic fair market value if the Church or any of its corporations seeks to dispose of it.
Requires that the proceeds of this conveyance be used exclusively by the National Trails Interpretive Center Foundation, Inc., to advance the public understanding and enjoyment of the National Historic Trails System. Provides for funds to be used by the Foundation only for the following purposes and according to the following priority: (1) to complete construction of the exhibits connected with the opening of the National Historic Trails Center; and (2) to maintain, acquire, and further enhance the Center's exhibits, artistic representations, historic artifacts, and grounds.
States that this Act does not set a precedent for the resolution of land sales between or among private entities and the United States.