Village Corporations (Alaska Native village-owned corporations):
- If you previously put land into a state-held trust for a municipal government that was never formed, you can pass a formal resolution (and have village residents support it) to dissolve that trust and get title back.
- You will inherit any leases, use agreements, and obligations tied to the land when title reverts.
- You are no longer required to convey more land to the State in trust for future municipal formation.
Residents of Alaska Native villages:
- Residents can participate in a resolution to request reversion of trust land back to the Village Corporation.
- Access and existing public road rights are protected by the law.
State of Alaska and potential Municipal Corporations (cities/boroughs):
- Land that had been held in trust for possible municipal formation could be returned to Village Corporations if the municipal government never formed.
- The State can no longer require Village Corporations to convey more land in trust for future municipal formation.
Holders of leases, easements, or rights-of-way (private parties or public agencies):
- Existing valid rights, easements, and rights-of-way necessary for public roadway access are preserved even if the trust is dissolved.
- The Village Corporation will assume obligations under existing leases or use agreements.
Federal agencies (including the Department of the Interior):
- The law refers to the Secretary providing technical assistance and funding. The agency will likely need to carry out administrative steps tied to reversions and assistance, though details are not provided.