To provide for a land exchange involving private land and Bureau of Land Management land in the vicinity of Holloman Air Force Base, New Mexico, for the purpose of removing private land from the required safety zone surrounding munitions storage bunkers at Holloman Air Force Base.

[AI summary unavailable — showing source text] Directs the Secretary of the Interior to convey to Randal, Jeffrey, and Timothy Rabon of Otero County, New Mexico (Rabons), all right of the United States in a specified parcel of public land administered by the Secretary through the Bureau of Land Management (BLM) that is a BLM inholding within lands owned by the Rabons, including all surface, subsurface, mineral, and water rights of the United States to the parcel. Directs the Rabons, as consideration for that conveyance, to convey to the United States all right held by the Rabons in a specified parcel that is contiguous to Holloman Air Force Base, New Mexico, that is located within the required safety zone surrounding munitions storage bunkers at the installation. Sets forth provisions regarding appraisal and cash equalization payment, the placing of a no-development designation by the Secretary on the land acquired to prevent encroachment on the Base, grazing leases, and maintenance of a right-of-way by the County.…