Page:United States Statutes at Large Volume 112 Part 5.djvu/373
PUBLIC LAW 105-333 —OCT. 31, 1998 112 STAT. 3131 SEC. 5. CLARIFICATION ON TREATMENT OF BONDS FROM A NATIVE CORPORATION. Section 29(c) of the Alaska Native Claims Settlement Act (43 U.S.C. 1626(c)) is amended— (1) in paragraph (3)(A), by inserting "and on bonds received from a Native Corporation" after "from a Native Corporation"; and (2) in paragraph (3)(B), by inserting "or bonds issued by a Native Corporation which bonds shall be subject to the protection of section 7(h) until voluntarily and expressly sold or pledged by the shareholder subsequent to the date of distribution" before the semicolon. SEC. 6. CALISTA NATIVE CORPORATION LAND EXCHANGE. (a) CONGRESSIONAL FINDINGS. —Congress finds and declares that— (1) the land exchange authorized by section 8126 of Public Law 102-172 should be implemented without further delay; (2) the Calista Corporation, the Native Regional Corporation organized under the authority of the Alaska Native Claims Settlement Act for the Yupik Eskimos of Southwestern Alaska, which includes the majority of the Yukon Delta National Wildlife Refuge— (A) has responsibilities provided for by the Alaska Native Claims Settlement Act to help address social, cultural, economic, health, subsistence, and related issues within the region and among its villages, including the viability of the villages themselves, many of which are remote and isolated; and (B) has been unable to fully carry out such responsibilities; (3) the implementation of the exchange referenced in this subsection is essential to helping Calista utilize its assets to carry out those responsibilities and to realize the benefits of the Alaska Native Claims Settlement Act; (4) the parties to the exchange have been unable to reach agreement on the valuation of the lands and interests in lands to be conveyed to the United States under section 8126 of Public Law 102-172; and (5) in light of the foregoing, it is appropriate and necessary in this unique situation that Congress authorize and direct the implementation of this exchange as set forth in this section in furtherance of the purposes and underlying goals of the Alaska Native Claims Settlement Act and the Alaska National Interest Lands Conservation Act. (b) LAND EXCHANGE IMPLEMENTATION.— Section 8126 of Public Law 102-172 (105 Stat. 1206) is amended to read as follows: "SEC. 8126. (a)(1) In exchange for lands, partial estates, and Calista land selection rights identified in the document entitled The Calista Corporation. Conveyance and Relinquishment Document', dated October 28, 1991, as amended September 22, 1998 (hereinafter referred to as 'CCRD'), the United States will establish a property account for the Calista Corporation, a corporation organized under the laws of the State of Alaska, in the amount identified in the CCRD, and in accordance with the provisions of this Act.