The Alaska Native Claims Settlement Act was signed into law on December 18, 1971, and the largest land claims settlement in United States history was concluded. The ANCSA, as it is commonly known, did the following: December 18 is the 352nd day of the year (353rd in leap years) in the Gregorian Calendar. ... 1971 (MCMLXXI) was a common year starting on Friday (the link is to a full 1971 calendar). ...
Native claims to almost all of Alaska were extinguished in exchange for approximately one-ninth of the state's land plus $962.5 million in compensation.
Of the latter, $462.5 million was to come from the federal treasury and the rest from oil revenue-sharing.
Settlement benefits would accrue to those with at least one-fourth Native ancestory.
Of the approximately 80,000 Natives enrolled under ANCSA, those living in villages (approximately 2/3rds of the total) would receive 100 shares in both a village and a regional corporation.
The remaining 1/3rd would be "at large" shareholders with 100 shares in a regional corporation plus additional rights to revenue from regional mineral and timber resources.
The Alaska Native Allotment Act was revoked and as yet unborn Native children were excluded.
The twelve regional corporations within the state would administer the settlement.
A thirteenth corporation composed of Natives who had left the state would receive monies but not land.
Surface rights on 44 million acres (178,000,000 km²) were alloted to the Natives and administered by the Native Corporations.
Alaskan Natives are Aboriginal Americans who live in Alaska. ...
The following thirteen regional corporations were established: The Alaska Native Regional Corporations (Alaska Native Corporations or ANCSA Corporations) were established in 1971 when the United States Congress passed the Alaska Native Claims Settlement Act (ANCSA) which settled land and financial claims made by the Alaska Natives and provided for the establishment of 13 regional corporations to administer...
Also, most of these corporations set up nonprofit corporations of their own. Many separate village corporations were also created by the Act. Ahtna, Incorporated is an Alaska Native Regional Corporation in Glennallen, Alaska which stewards over 1. ... Calista Corporation (dʒɑlɪstɑ) is a Alaska Native corporation of Anchorage, Alaska. ... Sealaska Corporation is an Alaska Native corporation of Juneau, Alaska. ...
Land selection by the State of Alaska under the Statehood Act and for the regional and village corporations has continued through the present.
External links
The Alaska Native Claims Settlement Act Resource Center run by Landye Bennett Blumstein LLP.
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