A bill to direct the Secretary of Agriculture to release on behalf of the United States a reversionary interest held by the United States in certain lands located in Payne County, Oklahoma, and for other purposes.

[AI summary unavailable — showing source text] Directs the Secretary of Agriculture to release a reversionary interest in specified lands in Payne county, Oklahoma, conveyed to the Board of Regents for Oklahoma State University. Conditions such release upon the Board of Regents' compliance with a certain agreement to transfer the Federal reversionary interest to other lands specified in such agreement. Requires the Secretary of the Interior to convey all Federal mineral interests in the lands to which the reversionary interest applied if the University applies for acquisition of such interests. Prescribes the procedure under which the mineral interests shall be conveyed to the University. Prohibits surface occupancy for the development of the mineral interests if such occupancy would interfere with intended surface uses of the land.…