Alaska Native Veterans Land Allotment Equity Act

Alaska Native Veterans Land Allotment Equity Act - Amends the Alaska Native Claims Settlement Act to: (1) provide that the open season during which certain Alaska Native Vietnam veterans are eligible to file for allotments of up to two parcels of Federal land totaling up to160 acres each shall end three years after the Secretary of the Interior issues final regulations to implement this Act; (2) allow allotments to be selected from vacant Federal lands or lands that have been selected or conveyed to the State of Alaska or a Native Corporation (excluding lands within and surrounding the TransAlaska Pipeline right-of-way) that the State or such an entity voluntarily relinquishes or conveys to the United States for the allotment; (3) repeal the prohibition on the conveyance of certain allotments; (4) make eligible for allotments such veterans who served between August 5, 1964, and May 7, 1975, and meet other eligibility requirements; and (5) allow an heir, on behalf of the estate of a deceased veteran who would otherwise have been eligible for an allotment, to apply for and receive the allotment.

Sets forth requirements for approval of allotment applications.