‘‘T. 2 N., R. 20 W., sec. 30. 
‘‘T. 3 N., R. 20 W., sec. 2. 
‘‘T. 3 N., R. 20 W., sec. 13. 
‘‘T. 4 N., R. 20 W., sec. 33. 
‘‘T. 2 N., R. 27 W., secs. 10 through 12. 
‘‘T. 11 N., R. 28 W., secs. 16 through 27. 
‘‘T. 2 N., R. 30 W., sec. 12. 
‘‘T. 1 S., R. 20 W., sec. 4. 
‘‘T. 3 S., R. 23 W., sec. 17. 
‘‘T. 3 S., R. 23 W., sec. 28. 
‘‘T. 6 S., R. 24 W., sec. 14. 
‘‘T. 6 S., R. 24 W., sec. 21. 
‘‘T. 6 S., R. 24 W., sec. 26. 
‘‘T. 5 S., R. 26 W., secs. 29 and 30. 
‘‘T. 7 S., R. 28 W., sec. 1. 
‘‘T. 7 S., R. 29 W., sec. 1. 
‘‘T. 7 S., R. 29 W., sec. 11. 
‘‘T. 7 S., R. 29 W., secs. 14 through 16. 
‘‘T. 7 S., R. 29 W., secs. 21 and 22. 
‘‘T. 2 N., R. 19 W., sec. 7. 
‘‘T. 2 N., R. 19 W., sec. 18. 
‘‘(2) The balance of the CIRI Property Account shall 
be increased by an amount equal to the fair market value 
of the subsurface estate of the approximately 61,440 acres 
of deficiency selections made by Alexander Creek, as de-
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scribed in paragraph (1): Provided, That the value of such 
subsurface estate shall not be less than 61,440 multiplied 
by the acre equivalent value of the Region’s entitlement 
lands under paragraph (2) of the second section of 
12(b)(7)(iv) of the Act of January 2, 1976 (Public Law 
94–204). The funds added to the CIRI Property Account 
pursuant to this subsection shall be segregated from all 
other funds therein by a method to be mutually agreed 
by CIRI and the Secretary of the Treasury. 
‘‘(e) LAND EXCHANGE.—The Secretary of the Inte-
rior shall enter into negotiations with Alexander Creek, 
no later than 180 days after the date of the enactment 
of this Act, to attempt to conclude, under the authority 
of section 22(f), a land exchange to acquire lands not with-
in any conservation system unit from the State of Alaska 
or the Matanuska-Susitna Borough under the same proce-
dures set forth in section 22(f) to enable Alexander Creek 
to obtain additional public lands within Alexander Creek’s 
original withdrawal area in Alaska, as identified by Alex-
ander Creek. The subsurface to lands conveyed to Alex-
ander Creek under subsection (d) shall be conveyed, with-
out consideration, to the Region and shall be treated for 
all purposes as subsurface land conveyed to the Region 
under section 14(f). Any land exchange to be undertaken 
pursuant to this subsection must be approved by Alex-
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ander Creek, and must be completed no later than 36 
months after the date of the enactment of this Act. 
‘‘(f) ADJUSTMENT IN ACCOUNT.—If a conveyance of 
surface estate is made to Alexander Creek pursuant to 
subsection (e), the Alexander Creek account shall be re-
duced by the amount of the actual acres conveyed multi-
plied by the average value per acre of the surface acres 
appraised under subsection (g). If a conveyance of sub-
surface estate is made to the Region pursuant to sub-
section (d), the CIRI Property Account shall be reduced 
by the amount of the actual acres conveyed multiplied by 
the average value per acre of the subsurface acres ap-
praised under subsection (g). 
‘‘(g) APPRAISAL.—(1)(A) Subject to subsection 
(d)(2), the Secretary shall determine the amount to be de-
posited into the Alexander Creek and CIRI Property ac-
counts by separately appraising, on a reasonable basis, 
based on all available evidence, the fair market value, as 
of the date of the enactment of this section, of the surface 
and subsurface of each section selected as a separate par-
cel and considering that ‘public interest’ use may be the 
highest and best use of such parcels. 
‘‘(B) Alexander Creek and the Region shall each have 
the opportunity to present evidence of value to the Sec-
retary solely with respect to the respective estates in-
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volved, comprising surface estate for Alexander Creek and 
subsurface estate for the Region. The Secretary shall pro-
vide Alexander Creek and the Region with a preliminary 
draft of the appraisal. Alexander Creek and the Region 
shall have a reasonable and sufficient opportunity to com-
ment on the appraisal. 
‘‘(2) The Secretary shall forward a certified copy of 
the appraisal of their separate and respective estates each 
to Alexander Creek, and the Region. 
‘‘(h) IMPLEMENTATION.—(1) Alexander Creek may 
assign to any person or corporation without restriction any 
or all of the Alexander Creek account upon written notifi-
cation to the Secretary of the Treasury and the Secretary 
of the Interior. In the event that such an assignment is 
made to the Region, on notice from Alexander Creek to 
the Secretary of the Treasury and the Secretary of the 
Interior, and subject to the written consent of the Region 
in its sole and absolute discretion, the amount of such as-
signment shall be added to or made a part of the CIRI 
Property Account, and may be used in the same manner 
as other funds in that account. 
‘‘(2) Except for such lands as Alexander Creek has 
received prior to enactment of this section, and such lands 
it is entitled to recover as a Group Corporation, upon com-
pletion by the Secretary of the Interior of the appraisal 
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process pursuant to subsection (g), and notification to the 
Secretary from Alexander Creek that Alexander Creek ac-
cepts the results of the appraisal process, Alexander Creek 
shall be deemed to have accepted the terms of this section 
in lieu of any other land entitlement it could have received 
as a village pursuant to this Act, including, without limita-
tion, any lands it would have received pursuant to section 
12(b). Such acceptance shall satisfy all claims Alexander 
Creek had or may have had against the United States on 
the date of the enactment of this section. 
‘‘(3) Any land acquired by Alexander Creek with 
funds from the Alexander Creek account shall be deemed 
to be a conveyance pursuant to this Act. 
‘‘(i) TREATMENT OF AMOUNTS FROM THE ALEX-
ANDER CREEK ACCOUNT.—The Secretary of the Treasury 
and the heads of agencies shall administer sales pursuant 
to this section in the same manner as is provided for any 
other Native village authorized by law as of the date of 
the enactment of this section (including the use of similar 
accounts for bidding on and purchasing property sold for 
public sale). 
‘‘(j) LIMITATION
ON AGENTS’ AND ATTORNEYS’ 
FEES.—No more than 2.5 percent of payments received 
by or on behalf of Alexander Creek under this section may 
be paid to or received by any agent or attorney for services 
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rendered in connection with obtaining such payment, any 
contract to the contrary notwithstanding. Any person who 
violates this subsection shall be guilty of a misdemeanor 
and shall be subject to a fine in the amount provided in 
title 18, United States Code. 
‘‘(k) 
SHAREHOLDER
PARTICIPATION.—Alexander 
Creek shall notify each member of the Native village rec-
ognized under this section that, upon the effective date 
of this provision, such members shall cease to receive bene-
fits from the Region as at-large shareholders pursuant to 
section 7(m), and that all future resource payments from 
the Region shall be made to the Village Corporation pur-
suant to section 7(j). The Region shall not be liable under 
any State, Federal or local law, or under State or Federal 
common law, for damages arising out of or related to the 
cessation of payments to such individuals under section 
7(m) pursuant to this section. 
‘‘(l) STATUTORY CONSTRUCTION.—Nothing in this 
section shall be construed to— 
‘‘(1) limit, alter, violate, breach, or otherwise 
affect the rights of any party under a contract, set-
tlement agreement, or land exchange entered into 
prior to enactment of this section between Alexander 
Creek and any party, or one or more parties to any 
contract, settlement, agreement, or land exchange 
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predicated upon Alexander Creek’s Native village 
status under this Act; or 
‘‘(2) diminish, reduce, or modify the acreage 
entitlement to which Alexander Creek became enti-
tled to as a Group Corporation.’’. 
Æ 
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