Directs the Secretary to require, as conditions of such conveyance, that: (1) the Corporation be responsible for removal of and remediation related to any hazardous materials that are present on the property conveyed to the United States; (2) the Corporation provide a metes and bounds survey of the common boundary between the parcels of land to be conveyed that is acceptable to the Corporation, Clark County, and the Secretary; and (3) the lands transferred to the County must be used only as a public park or as part of a public regional trail system.
(Sec. 5) Requires the Secretary to administer certain flood control detention basin lands and lands acquired under this Act as part of the Conservation Area and in accordance with the Red Rock Canyon National Conservation Area Establishment Act of 1990, the Southern Nevada Public Lands Management Act of 1998, and all other applicable laws.
(Sec. 6) Directs the Secretary to complete a review of the Complete Self-Contained Appraisal Red Rock Exchange, Las Vegas, Nevada. Requires the difference in appraisal values to be reimbursed to the Secretary by the Corporation. Withdraws from operation of the public land and mining laws those Federal lands acquired by the United States under this Act and those Federal lands already owned by the United States but included within the Conservation Area's boundaries pursuant to this Act.