To amend the Stock Raising Homestead Act to resolve certain problems regarding subsurface estates, and for other purposes.

[AI summary unavailable — showing source text] Amends Federal law regarding stock-raising homesteads to require a written notice to the surface owner before a person may enter lands for prospecting purposes or to locate a mining claim. Sets forth an authorized prospecting period during which prospecting and locating a mining claim may be conducted with minimal surface disruption (but precludes road construction or the use of explosives or mechanical earth moving equipment on such lands). Limits the total acreage that may be covered at any time by notices of intention to locate a claim. Prohibits any mineral exploration or development activities without the surface owner's consent unless the Secretary of the Interior (the Secretary) has authorized such activities according to prescribed guidelines which include posting a surety bond to insure: (1) surface reclamation; (2) compensation paid to the surface owner for damages to crops and tangible improvements; and (3) compensation for loss of income by the surface owner due to impaired land use. Sets forth conditions under which plans of operation for mineral development and exploration may be pursued (including minimization of impaired land use and the payment of a fee to the surf…