Permits the Secretary to exchange all right, title, and interest of the United States in and to the property in an exchange of equal value, in which the recipient of the property may agree to construct administrative facilities for the National Forest System in Bonner County, Idaho. Requires a recipient to honor any outstanding indebtedness on the property to the Federal Finance Bank.
Directs the Secretary to use proceeds from the sale of the property for: (1) the acquisition, construction, or improvement of administrative facilities and associated land in the Northern Region of the Forest Service in Idaho; and (2) the acquisition of land and interests in land for addition to National Forest System land in such region. Forbids any proceeds from being distributed to States or counties or from being considered moneys received from units of the National Forest System under specified laws.
Requires the Secretary to manage any land acquired under this Act in accordance with the Weeks Act.