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B-108439 1 (1978-04-03)

handle is hein.gao/gaobadtdt0001 and id is 1 raw text is: Uc COMPTROLLER GENERAL OF THE UNITED STATES Ii -08439 APR 3 1978 AssistAnt Dirctor, Financial Management ffice of Administration Bureau of Indian Affairs Departmt of the Interior Washington, D.C. 20240 Gentlemen: These are our comments on proposed rules of the Bureau of Indian (Affairs for the recognition of assignents by Regional Corporations of future interests in the Alaska Native Vutd. 43 Fed. Reg. 8557 (March 2, 1978). The proposed rules wouUl appear as Part 113, Title 25, Code of Federal Regulations. They are intoned to implement subsection 31(a) of the Alaska Native Claims Settlement Act (ANCSA), as added by section 4 of the act of November 15, 1977, Pub. L. go. 95-178, 91 Stat. 1369, 1370, wbich provides: Notwithstanding the provision of section 3477 of the Revised Statutes, as amended (31 U.S.C. 203), the Secretary- is autborized to recognize valdly executed ,ssi&Ments made by Regional Corporations of their rights to receive payaents from the Alaska Native Fund. Such assigments shall only be recog- nixed to the extent that the Regional Corporation involved is not required to distribute funds pursuant to aubsection (J) or (z) of section 7 of this act. (Emphasis added.) As you know, pursuant to subsection 7(d) of ANCSA, 43 US.C. 1606(d) (Supp. V 1975), the Regional Corporations were incorporated under the laws of Alaska to conduct business for profit, and are generally subject to the lavs of the State of Alaska, except where such laws nay conflict with the provisions of ANCSA. 43 US.C. § 1606(p) (Supp, V 75); Alaska Statutes Supplement, 5 10.05.005. Under the laws of Alaska, certain assignments by a Regioual Corporation of its assignable future inttet in the Alaska Native Fund might well constitute pledges or other dispositions do

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