50 USC 4237 - Attu Island restitution program

U.S Code last checked for updates: Nov 22, 2024

§ 4237.

Attu Island restitution program

(a)

Purpose of section

(b)

Acreage determination

(c)

Valuation

(1)

Determination of value

Not later than 120 days after August 10, 1988, the Secretary shall determine the value of the Attu Island acreage determined under subsection (b), except that—

(A)

such acreage may not be valued at less than $350 per acre nor more than $500 per acre; and

(B)

the total valuation of all such acreage may not exceed $15,000,000.

(2)

Factors in making determination

In determining the value of the acreage under paragraph (1), the Secretary shall take into consideration such factors as the Secretary considers appropriate, including—

(A)

fair market value;

(B)

environmental and public interest value; and

(C)

established precedents for valuation of comparable wilderness lands in the State of Alaska.

(3)

Notification of determination; appeal

(d)

In lieu compensation payment

(1)

Payment

(2)

Payment in full settlement of claims against the United States

(e)

Village site conveyance

(f)

Authorization of appropriations

(Pub. L. 100–383, title II, § 207, Aug. 10, 1988, 102 Stat. 914.)

cite as: 50 USC 4237