Page:United States Statutes at Large Volume 101 Part 3.djvu/512

 101 STAT. 1810

PUBLIC LAW 100-241—FEB. 3, 1988

obligation that was entered into prior to the date of the enactment of the Alaska Native Claims Settlement Act Amendments of 1987. "(B) Enactment of this subsection shall not affect any real property tax claim in litigation on the date of enactment of the Alaska Native Claims Settlement Act Amendments of 1987. "(e) CONDEMNATION.—All land subject to an agreement made pursuant to subsection (a) and all land, and interests in land, conveyed or subsequently reconveyed pursuant to the Alaska Native Claims Settlement Act to a Native individual, Native Corporation, or Settlement Trust shall be subject to condemnation for public purposes in accordance with the provisions of this Act and other applicable law."; and (4) by adding at the end thereof the following new subsection: "(g) STATE JURISDICTION.—Except as expressly provided in subsection (d), no provision of this section shall be construed as affecting the civil or criminal jurisdiction of the State of Alaska.". CONFORMING AMENDMENTS

12. (a) SECTION 7.—Subsection (o) of section 7 (43 U.S.C. 1606) is amended to strike everything following the word "stockholder" except the period at the end of the subsection. (b) SECTION 21.—Section 21 (43 U.S.C. 1620) is amended— (1) by inserting after "distributions" in subsection (a) "(even if the Regional Corporation or Village Corporation distributing the dividend has not segregated revenue received from the Alaska Native Fund from revenue received from other sources)"; (2) by striking out "Village Corporation" and inserting in lieu thereof "Native Corporation" in subsection (j); and (3) by striking out everything after "one and one-half acres:" in subsection (j) and inserting in lieu thereof: "Provided further. That if the shareholder receiving the homesite subdivides such homesite, he or she shall pay all Federal, State, and local taxes that would have been incurred but for this subsection together with simple interest at 6 per centum per annum calculated from the date of receipt of the homesite, including taxes or assessments for the provision of road access and water and sewage facilities by the conveying corporation or the shareholder.". (c) SECTION 30.—Subsection (b) of section 30 (43 U.S.C. 1627(b)) is amended by striking out "prior to December 19, 1991" and inserting in lieu thereof "while the Settlement Common Stock of all corporations subject to merger or consolidation remains subject to alienability restrictions.". (d) SECURITIES EXCHANGE ACT OF 1934.—Section 13(d)(1) of the Securities Exchange Act of 1934 is amended by inserting "or any equity security issued by a Native Corporation pursuant to section 37(d)(6) of the Alaska Native Claims Settlement Act" after "Investment Company Act of 1940". SEC.

15 USC 78m.

SEVERABILITY

43 USC 1601

SEC. 13. Section 27 (85 Stat. 688) is amended to read as follows:

note. "SEVERABILITY

"SEC. 27. The provisions of this Act, as amended, and the Alaska Native Claims Settlement Act Amendments of 1987 are severable. If

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