In the case of a village corporation for a Native village lying wholly or partially within a borough or unified home-rule municipality incorporated under state law, the commissioner will interpose no objection to an ANCSA sec. 14(c)(3) reconveyance by the corporation to the borough or unified home-rule municipality rather than to the state in trust if the commissioner finds, after presenting the reconveyance proposal to the recognized village entity or the village residents, as provided in 3 AAC 190.110 - 3 AAC 190.290, that the entity or residents approve of the proposal. The proposal may be for either partial or total satisfaction of the corporation's obligation under sec. 14(c)(3) of ANCSA. If the proposal is for the total obligation, the commissioner will construe the approval by the recognized village entity or the village residents under 3 AAC 190.110 - 3 AAC 190.290, and the subsequent reconveyance to the borough or unified home-rule municipality by the village corporation, as a final and complete discharge of any further potential trust obligation of the state under sec. 14(c)(3) of ANCSA and AS 44.47.150 on behalf of a future municipal corporation in the Native village. After the reconveyance, the commissioner will issue a Certificate of Satisfaction to the village corporation as provided in 3 AAC 190.045.
3 AAC 190.065
Authority: ANCSA, sec. 14(c)(3)
AS 44.33.755