Alaska Native Claims Settlement Act (ANCSA)

Alaska Native Claims Settlement Act (43 USC 1601-1624) -- Public Law 92-203, approved December 18, 1971 (85 Stat. 688), and repeatedly amended, authorized Alaska Natives to select and receive title to 44 million acres of public land in Alaska, and $962,000,000 in cash as settlement of their aboriginal claim to land in the State. The Act established a system of village and regional Native corporations to manage the lands and cash payments, and made extensive provisions regarding the operations of the corporations.