[Code of Federal Regulations]
[Title 43, Volume 2]
[Revised as of October 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 43CFR2565.7]

[Page 154]
 
                    TITLE 43--PUBLIC LANDS: INTERIOR
 
    CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR
 
PART 2560_ALASKA OCCUPANCY AND USE--Table of Contents
 
                    Subpart 2565_Non-native Townsites
 
Sec. 2565.7  Final report of trustee; disposition of unexpended moneys 
and unsold lots.

    After the disposal of a sufficient number of lots to pay all 
expenses incident to the execution of the trust, including the cost of 
the subdivisional survey, the trustee will make and transmit to the 
Bureau of Land Management his final report of his trusteeship, showing 
all amounts received and paid out and the balance remaining on hand 
derived from assessments upon the lots and from the public sale. The 
proceeds derived from such sources, after deducting all expenses, may be 
used by the trustee on direction of the Secretary of the Interior, where 
the town is unincorporated, in making public improvements, or, if the 
town is incorporated such remaining proceeds may be turned over to the 
municipality for the use and benefit thereof. After the public sale and 
upon proof of the incorporation of the town, all lots then remaining 
unsold will be deeded to the municipality, and all municipal public 
reserves will, by a separate deed, be conveyed to the municipality in 
trust for the public purposes for which they were reserved.