‘‘(2) the settlement agreement among Regional 
Corporation or Village Corporations or other provi-
sions of subsection (i) or (j).’’. 
SEC. 6. COMPENSATION. 
The Alaska Native Claims Settlement Act (43 U.S.C. 
1601 et seq.) is amended by adding at the end the fol-
lowing: 
‘‘SEC. 43. URBAN CORPORATIONS FOR HAINES, KETCHIKAN, 
PETERSBURG, TENAKEE, AND WRANGELL. 
‘‘(a) OFFER OF COMPENSATION.— 
‘‘(1) IN
GENERAL.—On incorporation of the 
Urban Corporations for Haines, Ketchikan, Peters-
burg, Tenakee, and Wrangell, the Secretary, in con-
sultation and coordination with the Secretary of 
Commerce, and in consultation with representatives 
of each such Urban Corporation and the Regional 
Corporation for Southeast Alaska, shall offer as 
compensation, pursuant to this Act, 1 township of 
land (23,040 acres) to each of the Urban Corpora-
tions for Haines, Ketchikan, Petersburg, Tenakee, 
and Wrangell, and other appropriate compensation 
in accordance with this subsection. 
‘‘(2) LOCAL AREAS OF HISTORICAL, CULTURAL, 
TRADITIONAL, AND ECONOMIC IMPORTANCE.— 
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‘‘(A) IN
GENERAL.—The Secretary shall 
offer as compensation under this subsection 
local areas of historical, cultural, traditional, 
and economic importance to Alaska Natives 
from the Villages of Haines, Ketchikan, Peters-
burg, Tenakee, or Wrangell. 
‘‘(B) SELECTION OF LAND.—In selecting 
the land to be withdrawn and conveyed pursu-
ant to this section, the Secretary— 
‘‘(i) shall give preference to land with 
commercial purposes; and 
‘‘(ii) may include subsistence and cul-
tural sites, aquaculture sites, hydroelectric 
sites, tideland, surplus Federal property 
and eco-tourism sites. 
‘‘(C) CONTIGUOUS, COMPACT SITES.—The 
land selected pursuant to this section shall be 
contiguous and reasonably compact tracts if 
practicable. 
‘‘(D) VALID EXISTING RIGHTS.—The land 
selected pursuant to this section shall be subject 
to all valid existing rights and all other provi-
sions of section 14(g), including any lease, con-
tract, permit, right-of-way, or easement (includ-
ing a lease issued under section 6(g) of the Act 
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of July 7, 1958 (commonly known as the ‘Alas-
ka Statehood Act’) (48 U.S.C. note prec. 21; 
Public Law 85–508)). 
‘‘(3) CAPITAL EXPENSES.—The Secretary shall 
offer 
as 
compensation 
under 
this 
subsection 
$650,000 for capital expenses associated with cor-
porate organization and development, including ex-
penses for— 
‘‘(A) the identification of forest and land 
parcels for selection and withdrawal; 
‘‘(B) making conveyance requests, receiv-
ing title, preparing resource inventories, land 
and resource use, and development planning; 
‘‘(C) land and property valuations; 
‘‘(D) corporation incorporation and start- 
up; 
‘‘(E) advising and enrolling shareholders; 
‘‘(F) issuing stock; and 
‘‘(G) seed capital for resource development. 
‘‘(4) ADDITIONAL COMPENSATION.— 
‘‘(A) IN
GENERAL.—The Secretary shall 
offer as compensation under this subsection 
such additional forms of compensation as the 
Secretary 
considers 
appropriate, 
including 
grants and loan guarantees to be used for plan-
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ning, development and other purposes for which 
Native Corporations are organized under this 
Act and any additional financial compensation. 
‘‘(B) ALLOCATION.—Any additional com-
pensation offered under this paragraph shall be 
allocated among the 5 Urban Corporations on a 
pro rata basis based on the number of share-
holders in each Urban Corporation. 
‘‘(b) ACCEPTANCE OR REJECTION OF OFFER.— 
‘‘(1) IN GENERAL.—Not later than 1 year after 
the date of the offer of compensation from the Sec-
retary under subsection (a), the each of the Urban 
Corporations for Haines, Ketchikan, Petersburg, 
Tenakee, and Wrangell shall accept or reject the 
offer. 
‘‘(2) RESOLUTION.—To accept or reject the 
offer, each such Urban Corporation shall provide to 
the Secretary a properly executed and certified cor-
porate resolution that states that the offer proposed 
by the Secretary was voted on, and either approved 
or rejected, by a majority of the shareholders of the 
Urban Corporation. 
‘‘(3) REJECTION OF OFFER.—If the offer is re-
jected— 
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‘‘(A) the Secretary, in consultation with 
representatives of the Urban Corporation that 
rejected the offer and the Regional Corporation 
for Southeast Alaska, shall revise the offer; and 
‘‘(B) the Urban Corporation shall have an 
additional 180 days within which to accept or 
reject the revised offer. 
‘‘(c) WITHDRAWAL AND CONVEYANCE OF LAND AND 
TITLE.—Not later than 180 days after receipt of a cor-
porate resolution of an Urban Corporation approving an 
offer of the Secretary under subsection (b)(1), the Sec-
retary shall (as appropriate)— 
‘‘(1) withdraw the land; 
‘‘(2) convey to the Urban Corporation title to 
the surface estate of the land; and 
‘‘(3) convey to the Regional Corporation for 
Southeast Alaska title the subsurface estate for the 
land. 
‘‘(d) CONVEYANCE OF ROADS, TRAILS, LOG TRANS-
FER FACILITIES, LEASES, AND APPURTENANCES.—The 
Secretary shall, without consideration of compensation, 
convey to the Urban Corporations of Haines, Ketchikan, 
Petersburg, Tenakee, and Wrangell, by quitclaim deed or 
patent, all right, title, and interest of the United States 
in all roads, trails, log transfer facilities, leases, and ap-
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purtenances on or related to the land conveyed to the Cor-
porations pursuant to subsection (c). 
‘‘(e) SETTLEMENT TRUST.— 
‘‘(1) IN GENERAL.—The Urban Corporations of 
Haines, 
Ketchikan, 
Petersburg, 
Tenakee, 
and 
Wrangell may establish a settlement trust in accord-
ance with section 39 for the purposes of promoting 
the health, education, and welfare of the trust bene-
ficiaries, and preserving the Native heritage and cul-
ture, of the communities of Haines, Ketchikan, Pe-
tersburg, Tenakee, and Wrangell, respectively. 
‘‘(2) PROCEEDS
AND
INCOME.—The proceeds 
and income from the principal of a trust established 
under paragraph (1) shall— 
‘‘(A) first be applied to the support of 
those enrollees, and the descendants of the en-
rollees, who are elders or minor children; and 
‘‘(B) then to the support of all other en-
rollees.’’. 
SEC. 7. AUTHORIZATION OF APPROPRIATIONS. 
There are authorized to be appropriated such sums 
as are necessary to carry out this Act and the amendments 
made by this Act. 
Æ 
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