ANCSA Nagamut Group Land Conveyance Settlement Act of 2017

To amend the Alaska Native Claims Settlement Act regarding the Nagamut selection, and for other purposes. 1. Short title This Act may be cited as the ANCSA Nagamut Group Land Conveyance Settlement Act of 2017 2. Nagamut Section 12 of the Alaska Native Claims Settlement Act ( 43 U.S.C. 1611 (g) Nagamut (1) Definitions For the purposes of this subsection: (A) Calista The term Calista (B) Nagamut The term Nagamut (C) Nagamut selection The term Nagamut selection (2) In general As determined under paragraph (3), in lieu of the conveyance of the Nagamut selection to Nagamut and the subsurface estate of the Nagamut selection to Calista, the Secretary shall— (A) pay compensation to Nagamut in an amount equal to the fair market value of the Nagamut selection; and (B) 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 entitled. (3) Appraisals (A) In general Within 18 months of the date of enactment of the Alaska Native Claims Settlement Improvement Act of 2017, the fair market value of the surface and subsurface estates of the Nagamut selection shall be determined by appraisals conducted— (i) in accordance with the Uniform Appraisal Standards for Federal Land Acquisitions and the Uniform Standards of Professional Appraisal Practice; (ii) by an appraiser mutually agreeable to the Secretary, Nagamut, and Calista; (iii) 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 2017 (iv) without regard to the current ownership status. (B) Costs The costs of the appraisals required under this paragraph shall be borne by the Secretary. (4) Establishment of account; compensation (A) Establishment There is established a special account in the Treasury of the United States to be known as the Nagamut Selection Special Account (B) Compensation Amounts in the Nagamut Selection Special Account shall be available to the Secretary, without further appropriation, to compensate Nagamut and Calista for the fair market value of the surface and subsurface estates of the Nagamut selection. (5) 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 Act. .

Summary: ANCSA Nagamut Group Land Conveyance Settlement Act of 2017 This bill amends the Alaska Native Claims Settlement Act to require the Department of Interior to pay Nagamut Limited, an Alaska Native group, the fair market value of the unconveyed surface estate of 6,080 acres of land Nagamut selected on September 18, 1975, and Calista Corporation, an Alaska Native regional corporation, the fair market value of the subsurface estate under Nagamut's selection. The bill provides funds to compensate Nagamut and Calista. The compensation paid to Nagamut and Calista satisfies Nagamut's statutory land entitlement and Calista's rights to the subsurface estate under the Act.