Lake Tahoe Restoration Act

Lake Tahoe Restoration Act - States that the Lake Tahoe Basin Management Unit shall be administered by the Secretary of Agriculture, acting through the Chief of the Forest Service, in accordance with this Act and the laws applicable to the National Forest System.

(Sec. 5) Directs the Secretary to consult with the Tahoe Regional Planning Agency and other specified entities.

(Sec. 6) Directs the Secretary to develop an environmental restoration priority list for the Unit. Sets forth project areas, including: (1) erosion and sediment control; (2) acquisition of environmentally sensitive land; (3) fire risk reduction; (4) cleaning up methyl tertiary butyl ether contamination; and (5) parking and traffic management.

Directs the Secretary to make a specified payment to the Agency and the South Tahoe Public Utility District to develop a hydrocarbon contamination cleanup plan.

Authorizes ten-year appropriations for priority projects.

(Sec. 7) Amends Federal law with respect to certain environmental improvement payments to localities in the Basin area to: (1) make public utilities eligible recipients; (2) revise funding provisions, including limiting fund use to projects that are part of the environmental improvement program adopted by the Agency; and (3) authorize ten-year appropriations.

(Sec. 8) Directs the Secretary, in conducting fire risk reduction activities, to consult with State and local entities, including local fire departments and volunteer groups.

(Sec. 9) States that funding under this Act shall be in addition to other funding and shall not be drawn from other National Forest System units. Sets forth: (1) matching requirements for Nevada and California; (2) Federal relocation cost-sharing requirements.

(Sec. 10) Amends Federal law to prohibit land acquisition within the Unit from an unwilling seller.

(Sec. 11) States that nothing in this Act exempts the Secretary from compliance with any applicable Federal law.

(Sec. 12) Authorizes appropriations.