,,ii #aaeth ,,congress #ast ,session ,s4 #adhc ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,june #bi1 #bjag ,ms4 ,murkowski 7for herself and ,mr4 ,sullivan7 introduced the following bill2 which was read twice and referred to the ,committee on ,energy and ,natural ,resources ,a ,,bill ,to establish an account for amounts due to ,shee ,atika ,incorporated under the ,cube ,cove ,land ,agreement1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,,ancsa ,shee ,atika ,land ,exchange ,settlement ,act4 #b4 ,shee ,atika ,incorporated 7a7 ,definitions ,in this section3 7#a7 ,account ,the term ,account means the ,shee ,atika ,account established under subsection 7d74 7#b7 ,agency ,the term agency means-- 7,a7 any department1 agency1 or other instrumentality of the ,federal ,government2 and 7,b7 any ,government corporation 7as defined in section #iaja of title #ca1 ,united ,states ,code74 7#c7 ,agreement ,the term ,agreement means the agreement between ,shee ,atika and the ,united ,states 7including any amendment or supplement to the agreement7 under which the ,united ,states has an option to reacquire the ,cube ,cove ,land4 7#d7 ,cube cove land ,the term ,cube ,cove ,land means the approximately #bc1jjj acres of surface estate land at ,cube ,cove1 ,admiralty ,island1 ,alaska1 as described in ,appendix ,a to the ,agreement4 7#e7 ,property ,the term property has the meaning given the term in section #ab7;b77#g77vii7 of the ,act of ,january #b1 #aigf 7#dc ,u4,s4,c4 #afaa note2 ,public ,law #id-bjd74 7#f7 ,secretary ,the term ,secretary means the ,secretary of ,agriculture4 7#g7 ,segment ,the term segment means any #a of the #ac tracts of surface estate land identified in ,appendix ,c to the ,agreement4 7#h7 ,shee atika ,the term ,shee ,atika means ,shee ,atika ,incorporated4 7b7 ,authorization 7#a7 ,in general ,all consideration1 whether in cash or in kind1 received by ,shee ,atika under the ,agreement shall be treated for purposes of all ,federal laws as if the consideration was1 within the meaning of section #ba7;c7 of the ,alaska ,native ,claims ,settlement ,act 7#dc ,u4,s4,c4 #afbj7;c771 the receipt of land or any interest in land pursuant to the ,alaska ,native ,claims ,settlement ,act 7#dc ,u4,s4,c4 #afja et seq47 or cash in order to equalize the values of properties exchanged pursuant to section #bb7;f7 of the ,alaska ,native ,claims ,settlement ,act 7#dc ,u4,s4,c4 #afba7;f774 7#b7 ,effect ,nothing in the ,agreement or this section imposes any duty on ,shee ,atika not expressly set forth in the ,agreement4 7c7 ,option ,to receive credits 7#a7 ,in general 7,a7 ,credits ,on election by ,shee ,atika made in writing not later than the day before the date on which a closing of any segment of the ,cube ,cove ,land is scheduled to occur1 the ,secretary1 in accordance with subsection 7d71 may pay all or part of the amounts due to ,shee ,atika under the ,agreement on the closing date in the form of credits that may be used by ,shee ,atika to purchase property sold at public sale4 7,b7 ,cash ,amounts otherwise due to ,shee ,atika for which ,shee ,atika has not made the election described in subparagraph 7,a7 shall be paid to ,shee ,atika in cash4 7#b7 ,requirement ,the ,secretary shall make a payment in the form described in paragraph 7#a7 without regard to whether ,shee ,atika has made any other election under paragraph 7#a74 7#c7 ,closing date ,closing of any segment for which ,shee ,atika has made an election under paragraph 7#a7 shall occur not later than #cj days after the date on which the ,secretary notifies ,shee ,atika that the applicable credit is ready to be deposited into the ,account4 7d7 ,establishment of account 7#a7 ,in general ,notwithstanding any other provision of law1 not later than #ij days after ,shee ,atika first makes an election under subsection 7c77#a71 the ,secretary of the ,treasury1 in consultation with the ,secretary1 shall establish an account in the ,treasury to be known as the ,shee ,atika ,account4 7#b7 ,credits into account ,the ,secretary of the ,treasury1 in consultation with the ,secretary1 shall-- 7,a7 deposit into the ,account amounts equal to any credit received under subsection 7c72 and 7,b7 establish procedures under which ,shee ,atika may-- 7i7 receive deposits into the ,account2 7ii7 make deposits from the ,account into escrow when an escrow is required for the sale of any property2 7iii7 reinstate to the ,account any unused escrow deposits under clause 7ii7 if the applicable sale is not completed2 and 7iv7 notwithstanding any other provision of law and on written notice to the ,secretary of the ,treasury and the ,secretary1 assign1 without restriction1 any or all of the amounts in the ,account4 7#c7 ,availability of amounts ,the balance of the ,account shall-- 7,a7 be immediately available to ,shee ,atika for use in accordance with paragraph 7#d72 and 7,b7 remain available until expended4 7#d7 ,use of funds 7,a7 ,in general ,shee ,atika may use amounts in the ,account to bid for1 and purchase1 any property at any public sale by an agency4 7,b7 ,requirement ,in conducting a transaction under subparagraph 7,a71 an agency shall accept any amount tendered from the ,account in the same manner as if the amount were tendered in cash4 7#e7 ,effect ,notwithstanding any other provision of law1 any property purchased under paragraph 7#d7 shall be considered to be a conveyance made under the ,alaska ,native ,claims ,settlement ,act 7#dc ,u4,s4,c4 #afja et seq47 on the date of enactment of that ,act4