Directs the Secretary of the Interior to execute such instruments as are necessary to release the condition that certain land conveyed, and which is adjacent, to the community of Beaver, Alaska, revert to the United States if the land is not used for airport purposes. Directs the Beaver Kwit'chin Corporation to reconvey all right, title, and interest of the Corporation in and to that portion to any individual (or successor in interest) who currently occupies a portion of the land. Permits the Corporation subsequently to convey the remaining land to other individuals or persons for community expansion purposes or retain it in whole or in part for community uses.