PORTLAND – A Northport selectman agreed to post $500,000 bond Tuesday to secure his release on drug, tax and money laundering charges.

Kevin Richard Hall appeared in U.S. District Court after a grand jury returned a 170-count indictment against him last week.

Hall remains in custody, but is expected to be released in the next few days after prosecutors secure the deeds to two pieces of property he owns in Northport.

The 45-year-old selectman faces marijuana charges, tax evasion charges and 163 counts of money laundering.

He also is charged with two forfeiture counts for property allegedly purchased with drug money. The property includes land, cars, motorcycles and construction equipment.

Prosecutors allege that Hall omitted more than $500,000 from his income from 1995 to 1998, resulting in a tax liability of about $168,000.

The drug count carries a maximum term of 40 years in prison and a minimum of five years. Each money laundering count carries a maximum of 10 years, and each tax evasion count carries a maximum of five years.

Hall’s case is tentatively set to go to trial in June.