Huna Totem Corporation Land Exchange Act - Amends the Alaska Native Claims Settlement Act to direct the Secretary of Agriculture, subject to valid existing rights, to convey to the Huna Totem Corporation and the Sealaska Corporation the surface and subsurface estates, respectively, of specified lands that are readily accessible to the Village of Hoonah and, where possible, located on the road system to such Village (to be identified by the Huna Totem Corporation) in exchange for the surface and subsurface estates of specified municipal watershed lands.
Requires the values of the lands and interests exchanged to be equal.
Prohibits: (1) timber harvested from land conveyed to Huna Totem Corporation from being exported as unprocessed logs from Alaska; and (2) the Huna Totem Corporation from selling, trading, substituting, or otherwise conveying that timber to any person for export from Alaska.