Directs the Commandant of the Coast Guard, upon the decommissioning of the Coast Guard Cutter MACKINAW, to convey all right, title, and interest of the United States in and to such vessel to the City and County of Cheboygan, Michigan (recipient), if the recipient meets specified conditions, including that it: (1) use the vessel for purposes of a museum; and (2) hold the Government harmless for claims arising from exposure to asbestos and other hazardous materials after the conveyance.