Community Land Grant Act

Community Land Grant Act - Asserts that the purpose of this Act is to fulfill the United States' obligations undertaken in the Treaty of Guadalupe-Hidalgo of 1848. Creates Commission of 3 members to be appointed by the President with the advice and consent of the Senate to carry out the provisions of this Act.

Provides that any ten or more descendants of former Mexican citizens prior to the Treaty of Guadalupe-Hidalgo, which citizens became United States citizens within ten years subsequent to the effective treaty date of May 30, 1848, pursuant to the terms of said treaty, and which citizens are all descendants of the same Community Land Grant may, within four years of the date of this Act, file a petition seeking the benefits of this Act with the Commission on behalf of themselves and all other descendants of the Community Land Grant.

Directs the Commission to hold a hearing on such petitions, with all persons possessing an interest in the land having a right to appear as a party. Provides that after such a hearing, the Commission shall render a decision on the petition.

Authorizes appropriations as follows: $2,500,000 for Commission expenses; $5,000,000,000 for land acquisition proceedings; and $5,000,000 for the financing of legal and professional assistance for petitioners.