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U.S. Code as of:
01/19/04
Section 1605. Alaska Native Fund
(a) Establishment in Treasury; deposits into Fund of general fund,
interest, and revenue sharing moneys
There is hereby established in the United States Treasury an
Alaska Native Fund into which the following moneys shall be
deposited:
(1) $462,500,000 from the general fund of the Treasury, which
are authorized to be appropriated according to the following
schedule:
(A) $12,500,000 during the fiscal year in which this chapter
becomes effective;
(B) $50,000,000 during the second fiscal year;
(C) $70,000,000 during each of the third, fourth, and fifth
fiscal years;
(D) $40,000,000 during the period beginning July 1, 1976, and
ending September 30, 1976; and
(E) $30,000,000 during each of the next five fiscal years,
for transfer to the Alaska Native Fund in the fourth quarter of
each fiscal year.
(2) Four percent interest per annum, which is authorized to be
appropriated, on any amount authorized to be appropriated by this
paragraph that is not appropriated within six months after the
fiscal year in which payable.
(3) $500,000,000 pursuant to the revenue sharing provisions of
section 1608 of this title.
(b) Prohibition of expenditures for propaganda or political
campaigns; misdemeanor; penalty
None of the funds paid or distributed pursuant to this section to
any of the Regional and Village Corporations established pursuant
to this chapter shall be expended, donated, or otherwise used for
the purpose of carrying on propaganda, or intervening in (including
the publishing and distributing of statements) any political
campaign on behalf of any candidate for public office. Any person
who willfully violates the foregoing provision shall be guilty of a
misdemeanor and, upon conviction thereof, shall be fined not more
than $1,000 or imprisoned not more than twelve months, or both.
(c) Distribution of Fund moneys among organized Regional
Corporations; basis as relative number of Native enrollees in
each region; reserve for payment of attorney and other fees;
retention of share in Fund until organization of corporation
After completion of the roll prepared pursuant to section 1604 of
this title, all money in the Fund, except money reserved as
provided in section 1619 of this title for the payment of attorney
and other fees, shall be distributed at the end of each three
months of the fiscal year among the Regional Corporations organized
pursuant to section 1606 of this title on the basis of the relative
numbers of Natives enrolled in each region. The share of a Regional
Corporation that has not been organized shall be retained in the
Fund until the Regional Corporation is organized.
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