ASRC.

• Author: Slaten, Russ
• Position: INSIDE ALASKA BUSINESS - Arctic Slope Regional Corp - Brief article

A SRC has now distributed more than $1 billion to other Alaska Native corporations. For the first time since incorporation, Arctic Slope Regional Corporation (ASRC) has distributed in excess of $1 billion to the other Alaska Native regional corporations as part of its 7(i) ob- a ligation. A recent payout from ASRC was approximately $125 million for the 7(i) distribution, which are made annually.

A provision inside the Alaska Native Claims Settlement Act of 1971 requires the...