A bill to amend the Alaska Native Claims Settlement Act to provide that Alexander Creek, Incorporated, is recognized as a Village Corporation under that Act, and for other purposes.

Recognition of Alexander Creek Village: The bill provides for the recognition of the Alexander Creek village as a Native village (Section 1(b)(2)).

Settlement of Land Claims: Alexander Creek, Incorporated will enter into negotiations with the Secretary to fairly and equitably settle its aboriginal land claims and other claims against the United States (Section 1(d)(1)).

Parity in Agreements: The agreement reached through negotiations is intended to achieve parity, in terms of approximate value, with similar agreements made by other Village Corporations (Section 1(d)(3)).

Surplus Property Eligibility: Alexander Creek, Incorporated will be eligible to receive real property that has been declared as surplus (Section 1(d)(4)(C)).

Retention of Resource Payments: All future resource payments from the Region will be retained by Alexander Creek, Incorporated (Section 1(e)(1)(B)).

Cessation of Regional Benefits: Members of Alexander Creek village will cease to receive benefits from the Region as at-large shareholders (Section 1(e)(1)(A)).

Liability Protection for the Region: The Region is protected from liability under State, Federal, or local law for damages resulting from the end of payments to the members of Alexander Creek village (Section 1(e)(2)).