Exchanges about 231,000 acres of subsurface land held by the Chugach Alaska Corporation for about 65,374 acres of federal land in Alaska's Chugach Region.

• The Chugach Alaska Corporation conveys subsurface rights to about 231,000 acres where the federal government or Alaska holds the surface land, acquired through the Exxon Valdez Oil Spill habitat protection program.
• In return, the Interior Secretary conveys about 65,374 acres of federal land, including Forest Service parcels and about 1,960 acres of Bureau of Land Management and National Park Service land.
• Requires the Secretary to accept the corporation's offer within 1 year after enactment and to convey the federal land as soon as practicable after receiving title.
• Excludes up to 209 acres of village corporation development sites and shareholder homesites from the land conveyed to the federal government.

• Energy and Natural Resources Committee (Senate)
• Public Lands, Forests, and Mining Subcommittee

Native Americans