1. (a) Upon approval by the dissolved municipality's voters under 3 AAC 196.020 or by approval of an appropriate village entity under AS 44.33.755(a)(2), the commissioner will, in the commissioner's discretion, convey title to real property of a dissolved municipality to a local entity. A local entity designated in the transition plan for dissolution issued by the Local Boundary Commission under AS 44.33.812 and 3 AAC 110.900 may be

   1. (1) a council formed under the provision of 25 U.S.C. 473a;
   2. (2) a council that operates in a community among its residents as a matter of federal law; or
   3. (3) an incorporated nonprofit entity qualified to receive and spend an entitlement under AS 29.60.140.
2. (b) The conveyance of real property under (a) of this section is subject to the conditions required by the Local Boundary Commission in the transition plan for dissolution.

(Eff. 11/26/95, Register 136)