Property Ownership
ANCSA land held by Alaska Native corporations is unique in that Section 7(i) requires:
AAll ANCSA land to be sold within 25 years of corporation formation
BRevenue from subsurface resources to be shared among all regional corporations✓ Correct
CSurface and subsurface rights to always remain with the same entity
DFederal approval before any ANCSA land can be transferred
Explanation
ANCSA Section 7(i) requires that 70% of revenues from subsurface resources (timber, oil, gas, minerals) be shared among all 12 regional corporations, with 50% of the shared amount then distributed to village corporations. This revenue-sharing provision recognizes that subsurface resources are distributed unequally.
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