256 



be appropriated an amount not to exceed 

 $15,000,000 for the purposes of this 

 subsection." 



G. Exchanges with Alaska Native Corporations (Point 6) 



Sealaska recommends legislation to implement its 

 proposed Admiralty Islands subsurface exchange. Sealaska 

 submitted testimony on this issue when H.R. 4883 was debated 

 in the 99th Congress. Sealaska has also submitted to the 

 Committee copious materials prepared in connection with its 

 proposal to the Forest Service. Language for a direct 

 legislative exchange is set forth below. The Forest 

 Service is presently reconsidering Sealaska 's proposal. In 

 the event it is approved by the Forest Service, Sealaska 

 would recommend ratifying legislation in lieu of the direct 

 approach outlined below. 



Sealaska also proposes an amendment to section 1302(h) 

 of ANILCA relative to subsurface exchanges. Sealaska has 

 been frustrated in effecting siibsurface exchanges due to the 

 lack of market data on which to base valuation. The Federal 

 Land Exchange Facilitation Act of 1988 seems to require 

 appraisals for exchanges under the authority of the Federal 

 Land Policy and Management Act. While neither the separate 

 exchange authority of ANCSA or ANILCA was affected by the 

 1988 Act, Sealaska has been confronted with a change in 

 policy by the Forest Service regarding subsurface exchanges, 

 which previously were handled on an acre-for-acre basis. 

 Sealaska 's proposed amendment of section 13 02(h) would allow 

 a presumption that an exchange of equal acreages of 

 subsurface is of equal value, absent reliable indicia of 

 economic value to the contrary. 



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