Yerington Land Conveyance and Sustainable Development Act - Directs the Secretary of the Interior to convey to the city of Yerington, Nevada, all interest of the United States in the federal lands located in Lyon and Mineral Counties, Nevada, identified as "City of Yerington Sustainable Development Conveyance Lands" in exchange for consideration in an amount that is equal to their fair market value.
Makes the city of Yerington responsible for all survey, appraisal, and other administrative costs associated with the conveyance of such lands.
Releases the United States, upon such conveyance, from liabilities or claims of any kind or nature arising from the presence, release, or threat of release of any hazardous substance, pollutant, contaminant, petroleum product (or derivative thereof), solid waste, mine materials, or mining- related features on the federal land in existence on or before the date of the conveyance.