Tozitna, Limited was incorporated in Alaska on July 30, 1973. It is the Tanana village corporation organized pursuant to the Alaska Native Claims Settlement Act of 1971 (ANCSA) and is located in the geographic region encompassed by the regional ANCSA corporation, Doyon, Limited. Distributions to Tozitna from the Alaska Native Fund were recorded as the carrying value of common stock. Tozitna derives its income primarily from the management of its investments in marketable securities and distributions from 7i Resource Revenue. Tanana Gas Company is a wholly owned subsidiary of Tozitna, Limited. Tanana Gas derives its income primarily from the operation of a retail gasoline filling station in Tanana, Alaska.
ANCSA provided that 43.7 million acres of public land are to be transferred to the regional and village corporations. Tozitna's share will be approximately 139,126 acres of timber and surface estate. As of September 30, 2012, Tozitna has received interim conveyance to 127,092 acres of land (surface rights only). This land is currently recorded at zero value until such time as the fair market value can be determined.
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