[Code of Federal Regulations]

[Title 43, Volume 2]

[Revised as of October 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 43CFR2565.7]



[Page 150]

 

                    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.