A bill to provide for the continuation of higher education through the conveyance of certain public lands in the State of Alaska to the University of Alaska, and for other purposes.

Provides for selection of lands by the University and the approval and conveyance of lands by the Secretary of the Interior.

Entitles the University to take up to an additional 250,000 acres in Federal lands or interests in lands in or adjacent to Alaska, to be conveyed on an acre-for-acre basis as a matching grant for any lands granted to the University by the State of Alaska after enactment of this Act. Permits the University to select, and requires the Secretary to convey, land pursuant to this State matching grant provision in parcels of 25,000 acres or greater.