Central Idaho Economic Development and Recreation Act

Central Idaho Economic Development and Recreation Act - Requires the Secretary of Agriculture, acting through the Chief of the Forest Service, and the Secretary of the Interior, acting through the Director of the Bureau of Land Management (BLM), to convey specified parcels of Federal land to certain counties and cities in central Idaho.

Requires the Secretary of the Interior to convey to the State of Idaho a specified parcel of BLM land for a motorized recreation park.

Directs the Secretary of Agriculture to construct a trail for use by pedestrians and non-motorized vehicles and as a snowmobile route.

Addresses the extension of guide and outfitter operating permits authorizing activities in the Boulder-White Cloud Management Area (BWCMA) established by this Act or wilderness areas designated under this Act.

Directs the Secretary of Agriculture to submit to Congress a specified study addressing fire risk mitigation measures in the Sawtooth National Recreation Area (SNRA).

Directs the Secretary of the Interior to expand and improve the Herd Lake Campground facilities located below the outlet of Herd Lake.

Designates specified parcels of Federal land in central Idaho as wilderness areas to be managed as components of the National Wilderness Preservation System (NWPS).

Repeals existing law requiring review of portions of the SNRA for possible inclusion in the NWPS.

Establishes the BWCMA on Federal lands in the Challis National Forest, SNRA, and Challis District of the BLM that are not designated as wilderness areas under this Act.

Authorizes appropriations for a grant to Idaho's Off Road Motor Vehicle Program.

Establishes a voluntary grazing permit waiver program.