To require the valuation of nontribal interest ownership of subsurface rights within the boundaries of the Acoma Indian Reservation, and for other purposes.

Directs the Secretary of the Interior to: (1) determine the extent and value of the nontribal interest ownership of the subsurface rights, including mineral rights, within the boundaries of the Acoma Indian Reservation; and (2) negotiate and complete an exchange of such interests of willing sellers for interests in Federal land of approximately the same value in New Mexico that is identified by the Bureau of Land Management as available for disposal; or (3) acquire interests in nontribal land (including interests in mineral or other surface, or subsurface rights) within the boundaries of the Reservation through direct cash purchase for fair market value or issuance to any owner of interests in nontribal land of a Certificate of Bidding Rights for mineral leasing and bidding rights equal to such fair market value. Requires the Secretary to place acquired interests into trust for the Pueblo of Acoma.