A bill to amend the Act of October 20, 1976, relating to payments to local governments based upon certain public lands within the boundaries of the jurisdiction of such governments to include payments for lands on which certain semiactive or inactive military installations are located.

Directs the Secretary of the Treasury to make payments to local governments under present law based upon lands within the jurisdiction of such local government on which are located semiactive or inactive installations retained by the Army for mobilization purposes and for support of reserve component training.