Page:United States Statutes at Large Volume 106 Part 3.djvu/333

 PUBLIC LAW 102-415—OCT. 14, 1992 106 STAT. 2127 SEC. 20. GOLD CREEK SUSITNA ASSOCIATION, INCORPORATED ACCOUNT. (a) DEFINITIONS. — As used in this section, the following terms have the following meanings: (1) The term "agency^ includes— (A) any instrumentality of the United States; (B) any element of an agency; and (C) any wholly owned or mixed-owned corporation of the United States Government identified in chapter 91 of title 31, United States Code. (2) The term "conservation system unit" has the same meaning as in the Alaska National Interest Lands Conservation Act. (3) The term "Gold Creek" means the Gold Creek Susitna Association, Incorporated, an Alaska Native Group corporation, organized pursuant to section 1613(h) of the Settlement Act. (4) The term "property" has the same meaning given such term by section 12(b)(7) of Public Law 94-204 (43 U.S.C. 1611), as amended. (5) The term "Region" means Cook Inlet Region Incorporated, an Alaska Native Regional Corporation which is the appropriate Regional Corporation for Gold Creek under section 1613(h) of the Settlement Act. (6) The term "Settlement Act" means the Alaska Native Claims Settlement Act, as amended (43 U.S.C. 1601 et se(i.). (b) ESTABLISHMENT.^1) Notwithstanding any other provision of law, except as provided in subsection (e), on October 1, 1996, the Secretary.of the Treasury, in consultation with the Secretary of the Interior, shall establish a Grold Creek account. (2) Beginning on October 1, 1996, the balance of the account shall— (A) be available to the Gold Creek for bidding on and purchasing property sold at public sale, subject to the conditions described in paragraph (3); and (B) remain available until expended. (3)(A) The Gold Creek may use the account established under paragraph (1) to bid as any other bidder for property (wherever located) at any public sale by an agency and may purchase the property in accordance with applicable laws and regulations of the agency offering the property for sale. (B) In conducting a transaction described in subparagraph (A), an agency shall accept, in the same manner as cash, any amount tendered from the account established by the Secretary of the Treasury under paragraph (1). The Secretary of the Treasury shall adjust the balance of the account to reflect the transaction. (C) The Secretary of the Treasury, in consultation with the Secretary of the Interior, shall establish procedures to permit the account established under paragraph (1) to— (i) receive deposits; (ii) make deposits into escrow when an escrow is required for the sale of any property; and (iii) reinstate to the account any unused escrow deposits in the event sales are not consummated. (c) LAND EXCHANGE. —No later than one year after the date of enactment of this section, the Secretary of the Interior shall enter into negotiations to attempt to conclude, under the authority of section 22(f) of the Settlement Act, a land exchange to acquire

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