Published January 2020
Below are answers to some frequently asked questions regarding revenue sharing under ANCSA 7(i) and 7(j).
What are Section 7(i) payments?
ANCSA requires each of the 12 Regional Corporations to share 70% of the net profits they receive from developing the natural resources in their regions with the other Regional Corporations. These shared revenues, called Section 7(i) distributions, are divided among all the Regional Corporations based on the number of original shareholders enrolled in each Region.
What are Section 7(j) payments?
ANCSA requires each Regional Corporation to share 50% of the Section 7(i) payments it receives with the Village Corporations in its Region, and with those shareholders who were not enrolled in a Village (at-large shareholders). The Section 7(j) payments are divided based on the number of original shareholders enrolled in each Village Corporation and the number of original at-large shareholders.
What is the difference between Class A1 & Class A2 shares?
Class A1 shares were issued to original shareholders of Ahtna who were also enrolled to a Village. Class A2 shares, also called at-large shares, were issued to original shareholders of Ahtna who were not enrolled to a Village.
How did the Merger Agreement affect Section 7(j) payments?
In 1980, seven of the eight Village Corporations in the Ahtna Region merged into Ahtna; Chitina Village Corporation did not merge. Being the only remaining Village Corporation, Chitina is the only Village that receives Section 7(j) payments.