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U.S. Code as of:
01/19/04
Section 500g. Distribution of reindeer, property, and profits to natives
The Secretary of the Interior is authorized to distribute the
reindeer and other property acquired by the United States under
this subchapter among the Eskimos or other natives of Alaska, or to
corporations, associations, or organizations of said natives,
either in the form of gifts or under such conditions as the
Secretary of the Interior may prescribe, and to execute and deliver
appropriate instruments of title, or to hold and use the same in
trust for the use and benefit of said natives, with a view of
effecting the widest possible distribution of such reindeer and
other property among those natives of Alaska who are in need
thereof and who can make proper use of the same: Provided, That
during the period of the trust, income derived directly from the
sale of reindeer and reindeer products as provided in this
subchapter shall be exempt from Federal income taxation. The
Secretary of the Interior may from time to time, in such manner as
he determines to be proper for effectuating the purposes of this
subchapter, distribute among those of said natives or corporations,
associations, or other organizations of said natives, who are
engaged in said industry or business or for whose subsistence
reindeer are necessary, whatever profits may be earned by that part
of the industry or business which is owned by the United States and
which may, in the judgment of the Secretary of the Interior, be
distributed in accordance with sound business practice.
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