A bill to provide for compensation to the owners of residences when certain leases or permits issued by the Forest Service or Bureau of Land Management are terminated.

Provides that whenever an area of public land upon which a recreational-type residence was constructed prior to January 1, 1973, is being maintained under a lease or permit and such lease or permit is terminated, the Secretary of the Interior or the Secretary of Agriculture shall compensate the lessee or permittee: (1) for the reasonable cost of moving any building and associated structures; or (2) for the value of such residence if not movable; and (3) for the cost of restoring the land to its original condition if required by the lease or permit; (4) or if the lessee or permittee has attained the age of sixty-five years or older, the Secretary shall extend the term of the lease or permit for the life of the lessee or permittee, but not more than twenty-five years.