ASU/MCCCD Land Conveyance Act - Directs the Secretary of Education to release, without consideration, the reversionary interests retained by the United States and all other terms, conditions, reservations, and restrictions imposed, in connection with the conveyance of portions of former Williams Air Force Base, Arizona, to Arizona State University and Maricopa County Community College District under the authority of the February 1995 Record of Decision for the disposal of excess Federal property at that installation.