Revises the definition of "unit of general local government" for purposes of Federal payments in lieu of taxes to include unorganized boroughs in Alaska.
Directs the Secretary of the Interior, for each unincorporated borough, to make a payment to Alaska for entitlement land located within such borough. Directs Alaska to distribute such payment to home rule cities and general law cities within the boundaries of the unit of general local government for which the payment was received.