Property Ownership
The Alaska Native Claims Settlement Act (ANCSA) was passed in 1971 and primarily:
ACreated federal homestead rights for Alaska Natives
BSettled Alaska Native land claims by conveying land and cash to Native corporations✓ Correct
CEstablished riparian water rights for Alaska Native villages
DReserved subsurface mineral rights for the federal government on all ANCSA lands
Explanation
ANCSA resolved Alaska Native land claims by extinguishing aboriginal title and conveying approximately 44 million acres and $962.5 million to Alaska Native Regional and Village Corporations. It created a unique corporate structure for holding and managing Native lands.
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