,,ii  #aae? ,,congress  #a/ ,session    
,s4 #adhc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #bi1 #bjag ,ms4  
,murk[ski 7= h]self & ,mr4 ,sullivan7   
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on ,en]gy
 & ,natural ,res\rces  ,a ,,bill  ,to   
e/abli% an acc\nt = am\nts due to ,%ee  
,atika ,incorporat$ "u ! ,cube ,cove ,l&
 ,agreem5t1 & = o!r purposes4  #a4 ,%ort
 title  ,?is ,act may be cit$ z !       
,,ancsa ,%ee ,atika ,l& ,ex*ange        
,settlem5t ,act4  #b4 ,%ee ,atika       
,incorporat$  7a7 ,def9itions ,9 ?is    
section3 7#a7 ,acc\nt ,! t]m ,acc\nt    
means ! ,%ee ,atika ,acc\nt e/abli%$ "u 
subsection 7d74  7#b7 ,ag5cy ,! t]m     
ag5cy means-- 7,a7 any dep>tm5t1 ag5cy1 
or o!r in/rum5tality ( ! ,f$]al         
,gov]nm5t2 &  7,b7 any ,gov]nm5t        
corporation 7z def9$ 9 section #iaja (  
title #ca1 ,unit$ ,/ates ,code74  7#c7  
,agreem5t ,! t]m ,agreem5t means !      
agreem5t betwe5 ,%ee ,atika & ! ,unit$  
,/ates 7includ+ any am5dm5t or supplem5t

 to ! agreem5t7 "u :i* ! ,unit$ ,/ates  
has an option to reacquire ! ,cube ,cove
 ,l&4  7#d7 ,cube cove l& ,! t]m ,cube  
,cove ,l& means ! approximately #bc1jjj 
acres ( surface e/ate l& at ,cube ,cove1
 ,admiralty ,isl&1 ,alaska1 z describ$ 9
 ,app5dix ,a to ! ,agreem5t4  7#e7      
,prop]ty ,! t]m prop]ty has ! mean+ giv5
 ! t]m 9 section #ab7;b77#g77vii7 ( !   
,act ( ,janu>y #b1 #aigf 7#dc ,u4,s4,c4 
#afaa note2 ,public ,law #id-bjd74  7#f7
 ,secret>y ,! t]m ,secret>y means !     
,secret>y ( ,agriculture4  7#g7 ,segm5t 
,! t]m segm5t means any #a ( ! #ac      
tracts ( surface e/ate l& id5tifi$ 9    
,app5dix ,c to ! ,agreem5t4  7#h7 ,%ee  
atika ,! t]m ,%ee ,atika means ,%ee     
,atika ,incorporat$4  7b7 ,au?orization 
7#a7 ,9 g5]al ,all consid]ation1 :e!r 9 
ca% or 9 k9d1 receiv$ by ,%ee ,atika "u 
! ,agreem5t %all be treat$ = purposes ( 
all ,f$]al laws z if ! consid]ation 01  
)9 ! mean+ ( section #ba7;c7 ( ! ,alaska
 ,native ,claims ,settlem5t ,act 7#dc   
,u4,s4,c4 #afbj7;c771 ! receipt ( l& or 

any int]e/ 9 l& pursuant to ! ,alaska   
,native ,claims ,settlem5t ,act 7#dc    
,u4,s4,c4 #afja et seq47 or ca% 9 ord]  
to equalize ! values ( prop]ties ex*ang$
 pursuant to section #bb7;f7 ( ! ,alaska
 ,native ,claims ,settlem5t ,act 7#dc   
,u4,s4,c4 #afba7;f774  7#b7 ,effect     
,no?+ 9 ! ,agreem5t or ?is section      
imposes any duty on ,%ee ,atika n       
expressly set =? 9 ! ,agreem5t4  7c7    
,option ,to receive cr$its  7#a7 ,9     
g5]al  7,a7 ,cr$its ,on election by ,%ee
 ,atika made 9 writ+ n lat] ?an ! day   
be=e ! date on :i* a clos+ ( any segm5t 
( ! ,cube ,cove ,l& is s*$ul$ to occur1 
! ,secret>y1 9 accordance ) subsection  
7d71 may pay all or "p ( ! am\nts due to
 ,%ee ,atika "u ! ,agreem5t on ! clos+  
date 9 ! =m ( cr$its t may be us$ by    
,%ee ,atika to pur*ase prop]ty sold at  
public sale4  7,b7 ,ca% ,am\nts o!rwise 
due to ,%ee ,atika = :i* ,%ee ,atika has
 n made ! election describ$ 9           
subp>agraph 7,a7 %all be paid to ,%ee   
,atika 9 ca%4  7#b7 ,requirem5t ,!      

,secret>y %all make a paym5t 9 ! =m     
describ$ 9 p>agraph 7#a7 )\t reg>d to   
:e!r ,%ee ,atika has made any o!r       
election "u p>agraph 7#a74  7#c7 ,clos+ 
date ,clos+ ( any segm5t = :i* ,%ee     
,atika has made an election "u p>agraph 
7#a7 %all occur n lat] ?an #cj days aft]
 ! date on :i* ! ,secret>y notifies ,%ee
 ,atika t ! applicable cr$it is ready to
 be deposit$ into ! ,acc\nt4  7d7       
,e/abli%m5t ( acc\nt  7#a7 ,9 g5]al     
,not)/&+ any o!r provision ( law1 n lat]
 ?an #ij days aft] ,%ee ,atika fir/     
makes an election "u subsection 7c77#a71
 ! ,secret>y ( ! ,treasury1 9           
consultation ) ! ,secret>y1 %all e/abli%
 an acc\nt 9 ! ,treasury to be kn[n z ! 
,%ee ,atika ,acc\nt4  7#b7 ,cr$its into 
acc\nt ,! ,secret>y ( ! ,treasury1 9    
consultation ) ! ,secret>y1 %all-- 7,a7 
deposit into ! ,acc\nt am\nts equal to  
any cr$it receiv$ "u subsection 7c72 &  
7,b7 e/abli% proc$ures "u :i* ,%ee      
,atika may-- 7i7 receive deposits into !
 ,acc\nt2  7ii7 make deposits f !       

,acc\nt into escr[ :5 an escr[ is       
requir$ = ! sale ( any prop]ty2  7iii7  
re9/ate to ! ,acc\nt any unus$ escr[    
deposits "u clause 7ii7 if ! applicable 
sale is n complet$2 &  7iv7 not)/&+ any 
o!r provision ( law & on writt5 notice  
to ! ,secret>y ( ! ,treasury & !        
,secret>y1 assign1 )\t re/riction1 any  
or all ( ! am\nts 9 ! ,acc\nt4  7#c7    
,availability ( am\nts ,! balance ( !   
,acc\nt %all-- 7,a7 be imm$iately       
available to ,%ee ,atika = use 9        
accordance ) p>agraph 7#d72 &  7,b7     
rema9 available until exp5d$4  7#d7 ,use
 ( funds  7,a7 ,9 g5]al ,%ee ,atika may 
use am\nts 9 ! ,acc\nt to bid =1 &      
pur*ase1 any prop]ty at any public sale 
by an ag5cy4  7,b7 ,requirem5t ,9       
conduct+ a transaction "u subp>agraph   
7,a71 an ag5cy %all accept any am\nt    
t5d]$ f ! ,acc\nt 9 ! same mann] z if ! 
am\nt 7 t5d]$ 9 ca%4  7#e7 ,effect      
,not)/&+ any o!r provision ( law1 any   
prop]ty pur*as$ "u p>agraph 7#d7 %all be
 consid]$ to be a conveyance made "u !  

,alaska ,native ,claims ,settlem5t ,act 
7#dc ,u4,s4,c4 #afja et seq47 on ! date 
( enactm5t ( t ,act4