257 



TITLE III. SUBSURFACE LAND EXCHANGE 



SEC. 301. ADMIRALTY ISLAND SUBSURFACE 

 EXCHANGE 



(a) It is the purpose of this 

 section, consistent with the purposes of 

 the Alaska Native Claims Settlement Act 

 «uid the Alaska National Interest Lands 

 Conservation Act, to facilitate imd 

 encourage economic development of the 

 mineral deposits located in the Greens 

 Creek area of Admiralty Island National 

 MoniuBent . 



(b) Section 506 of ANILCA is 

 amended by adding at the end thereof, 

 the following new subsection: 



•*(«) (1) In exchange for the 

 conveyance set forth in subsection 

 (e)(2), and provided there is on file 

 with the Secretary of Agriculture an 

 agreement between Sealaska Corporation 

 and the Greens Creek Joint Venture 

 respecting the development of minerals 

 located in the Greens Creek area of 

 Admiralty Island National Monument, the 

 Secretary of Agriculture shall convey, 

 subject to valid existing rights, the 

 subsurface estate in the following 

 described lands on Admiralty Islamd to 

 Sealaska Corporation: 



[legal description] 



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