A bill to provide for a land conveyance to the City of Craig, Alaska, and for other purposes.

[AI summary unavailable — showing source text] Craig Municipal Equity Act of 1999 - Directs the Secretary of Agriculture to: (1) convey all Federal interests in specified lands to the City of Craig, Alaska; and (2) establish an escrow account to hold proceeds derived after enactment of this Act from contracts, leases, permits, rights-of-way, or easements pertaining to the land to be conveyed and provide for disbursement of those funds, plus interest, to the City when the land is conveyed. Prohibits: (1) timber harvested from land conveyed to the City from being exported as unprocessed logs from Alaska; and (2) the City from selling, trading, substituting, or otherwise conveying that timber to any person for export from Alaska. Provides that the land conveyed under this Act shall be considered in lieu of land not conveyed at statehood for the purpose of furthering development and expansion of the City.…