Alaska Native Claims Settlement Act (ANCSA) Provisions – Sections 7(i) and 7(j) – Revenue Sharing
ANCSA has provisions for natural resource revenue sharing among the original 12 Alaska Native regional corporations. Doyon receives 7(i) revenue from shared earnings from the other corporations and distributes a portion of the monies called 7(j) payments to At-Large (Class B) shareholders and to the village corporations within the Doyon region. Each village corporation determines how to use its 7(j) payments.
What is Section 7(i)?
Section 7(i) funds are the regional corporations’ natural resource development profits made on Alaska Native Claims Settlement Act (ANCSA) conveyed lands. The 7(i) provision of ANCSA requires the original 12 Alaska Native regional corporations share 70% of their revenue from resource development on their ANCSA-conveyed lands with the other regions.
What is Section 7(j)?
7(j) payments are the funds that Doyon distributes to village corporations and class B shareholders in May of each year. Doyon distributes 50% of the annual 7(i) funds received from other Alaska Native regional corporations. 7(i) funds are received by Doyon from the other regional corporations throughout the year based on the original number of class A and class B shareholders.
FAQs about the disbursement can be found in the April 2017 newsletter article Shareholders to Receive 7(i) Distribution in May. For more information about 7(i) and 7(j) revenue sharing, please contact shareholder records at email@example.com or 888-478-4755 (toll-free).