Craig Recreation Land Purchase Act - Requires that: (1) if the City of Craig, Alaska (the City), tenders all right, title, and interest of the City in and to specified land, including municipal land identified as the "Sunnahae Trail and Recreation Parcel and Craig Cannery Property" to the Secretary of Agriculture not later than six months after the date the City receives the results of the Secretary's appraisal, the Secretary shall accept such tender; (2) the City use the funds received for such transfer to purchase the "Wards Cove Property"; (3) the land being transferred shall be of equal value, except that the Secretary and the City may equalize the values by adjusting acreage or by payments not to exceed $100,000; (4) the Secretary, prior to any conveyance under this Act, conduct the appraisal of the land in accordance with specified standards; and (5) the land received by the Secretary become part of the Tongass National Forest. Authorizes appropriations.