A bill authorizing the transfer to the government of the Virgin Islands of title to Water Island, Saint Thomas, Virgin Islands, and the acquisition of some of the outstanding leasehold interests in such island.

Conveys all right, title, and interest of the United States in Water Island, Saint Thomas, Virgin Islands to Government of the Virgin Islands.

Authorizes the appropriation of funds for the Secretary of the Interior to acquire by purchase or condemnation the leasehold interest of Water Island, Incorporated, under a lease dated December 10, 1952.