(Sec. 3) Directs the Secretary, if the state offers to convey to the United States those state lands designated for interchange on the two maps entitled "State of Florida--U.S. Forest Service Interchange--January, 2009" and title to such lands is otherwise acceptable, to convey and quitclaim to the state those National Forest System lands in the Ocala and Apalachicola National Forests in Florida designated for interchange on the maps.
Subjects any land interchange under this Act to such reservations and rights-of-way as may be mutually acceptable to the Secretary and the authorized officer of the state.
Authorizes the Secretary and the authorized officer of the state, in the event that any of the designated lands are found to be unacceptable for interchange because of title deficiencies, survey problems, the existence of hazardous materials, or for any other reason, to substitute or modify the lands to be interchanged insofar as it is mutually agreed that such lands are of comparable quality and approximately equal value.
(Sec. 4) Authorizes the Secretary to convey by sale or exchange tract W-1979 within Leon County, Florida. Requires the proceeds derived from any sale of such tract to be used only to: (1) acquire lands and interests for inclusion in the Apalachicola National Forest; and (2) cover the disposal costs incurred to carry out the sale of the tract.
Authorizes the Secretary, with respect to tracts A-943, A-944, and C-2210, which are authorized for sale under the Florida National Forest Land Management Act of 2003, and being lands having permanent improvements and infrastructure, to use the net proceeds derived from any sales of such tracts for the acquisition, construction, or maintenance of administrative improvements for units of the National Forest System in Florida.
(Sec. 5) Declares that, for purposes of the Statutory Pay-As-You-Go Act of 2010, the budgetary effects of this Act shall be determined by reference to the latest statement entitled "Budgetary Effects of PAYGO Legislation" for this Act, provided that such statement has been submitted for printing in the Congressional Record prior to the vote on passage of this Act.