To amend the Sikes Act to promote the use of cooperative agreements under such Act for land management related to Department of Defense readiness activities and to amend title 10, United States Code, to facilitate interagency cooperation in conservation programs to avoid or reduce adverse impacts on military readiness activities.

[AI summary unavailable — showing source text] Amends the Sikes Act (conservation programs on federal lands) to allow funds appropriated to the Department of Defense (DOD) that are obligated to cooperative agreements with states, local governments, Indian tribes, nongovernmental organizations, and individuals for maintenance and improvement of natural resources located off of military or state-owned National Guard installations (but that are related to current or anticipated military activities) to be: (1) paid in a lump sum and include an amount intended to cover the future costs of the activities under the agreement; and (2) invested by the recipient in accordance with the recipient's own investment management guidelines, with any investment interest or income permitted to be applied for the same purposes as the principal. Allows the recipient of funds provided by the Secretary of Defense or the Secretary of the military department concerned under a natural resources cooperative agreement to use such funds to satisfy any matching funds or cost-sharing requirement of the Departments of Agriculture (USDA) or the Interior.…