Swain County Settlement Act of 2004 - Requires the Secretary of the Treasury to: (1) offer to compensate Swain County, North Carolina, for a road along the north shore of the Fontana Resevoir not being built in an amount determined by the parties to a specified agreement dated July 30, 1943, taking into consideration the estimated cost of the proposed road; and (2) pay to the County the amount of compensation determined.
Declares that acceptance by the County of such payment by the Secretary constitutes full settlement of the claims of the County against the United States, the Department of the Interior, and the Tennessee Valley Authority (TVA) under the agreement.