,,ii  #aaeth ,,congress  #ast ,session  
,s4 #adij  ,,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     
amend the ,alaska ,native ,claims       
,settlement ,act regarding the ,nagamut 
selection1 and for other purposes4  #a4 
,short title  ,this ,act may be cited as
 the ,,ancsa ,nagamut ,group ,land      
,conveyance ,settlement ,act of #bjag4  
#b4 ,nagamut ,section #ab of the ,alaska
 ,native ,claims ,settlement ,act 7#dc  
,u4,s4,c4 #afaa7 is amended by adding at
 the end the following new subsection3  
7g7 ,nagamut  7#a7 ,definitions ,for the
 purposes of this subsection3 7,a7      
,calista ,the term ,calista means       
,calista ,corporation1 an ,alaska       
,native ,regional ,corporation in       
accordance with section #g1 which is    
entitled to the subsurface estate to the

 ,nagamut selection pursuant to section 
#ad7;f74  7,b7 ,nagamut ,the term       
,nagamut means ,nagamut ,limited1 a     
,native group recognized as eligible to 
receive the conveyance of #f1jhj acres  
under section #ac7;h77#b7 and organized 
under the laws of the ,state of ,alaska4
  7,c7 ,nagamut selection ,the term     
,nagamut selection means the unconveyed 
surface estate to #f1jhj acres of land  
,nagamut selected on ,september #ah1    
#aige1 under ,bureau of ,land           
,management serial number ,,aa-#iijb4   
7#b7 ,in general ,as determined under   
paragraph 7#c71 in lieu of the          
conveyance of the ,nagamut selection to 
,nagamut and the subsurface estate of   
the ,nagamut selection to ,calista1 the 
,secretary shall--  7,a7 pay            
compensation to ,nagamut in an amount   
equal to the fair market value of the   
,nagamut selection2 and  7,b7 pay       
compensation to ,calista in an amount   
equal to the fair market value of any   
subsurface estate beneath the ,nagamut  

selection to which ,calista is entitled4
  7#c7 ,appraisals  7,a7 ,in general    
,within #ah months of the date of       
enactment of the ,alaska ,native ,claims
 ,settlement ,improvement ,act of #bjag1
 the fair market value of the surface   
and subsurface estates of the ,nagamut  
selection shall be determined by        
appraisals conducted--  7i7 in          
accordance with the ,uniform ,appraisal 
,standards for ,federal ,land           
,acquisitions and the ,uniform          
,standards of ,professional ,appraisal  
,practice2  7ii7 by an appraiser        
mutually agreeable to the ,secretary1   
,nagamut1 and ,calista2  7iii7 in a way 
that shall determine the fair market    
values of the surface and subsurface    
estates of the ,nagamut selection as    
though the estates were available for   
selection under this ,act on the date of
 enactment of the ,alaska ,native       
,claims ,settlement ,improvement ,act of
 #bjag2 and  7iv7 without regard to the 
current ownership status4  7,b7 ,costs  

,the costs of the appraisals required   
under this paragraph shall be borne by  
the ,secretary4  7#d7 ,establishment of 
account2 compensation  7,a7             
,establishment ,there is established a  
special account in the ,treasury of the 
,united ,states to be known as the      
,nagamut ,selection ,special ,account1  
into which shall be deposited from the  
,general ,fund of the ,treasury a sum   
equal to the appraised fair market value
 of the surface and subsurface estates  
of the ,nagamut selection4  7,b7        
,compensation ,amounts in the ,nagamut  
,selection ,special ,account shall be   
available to the ,secretary1 without    
further appropriation1 to compensate    
,nagamut and ,calista for the fair      
market value of the surface and         
subsurface estates of the ,nagamut      
selection4  7#e7 ,effect on entitlement 
,the compensation paid to ,nagamut and  
,calista pursuant to this subsection    
shall satisfy the statutory land        
entitlement of ,nagamut and the rights  

to the subsurface estate held by        
,calista under the provisions of this   
,act4  4