Section 38.05.120. Disposal procedure.

Timber shall be sold either by sealed bids or public auction, depending on which method is determined by the commissioner to be in the best interests of the state, to the highest qualified bidder as determined by the commissioner. An aggrieved bidder may appeal to the commissioner within five days after the sale for a review of the determination. The sale shall be conducted by the commissioner, and, at the time of sale, the successful bidder shall deposit the amount specified in the terms of sale. The means by which the amount of deposit is determined shall be prescribed by appropriate regulation. The commissioner shall immediately issue a receipt containing a description of the timber purchased, the price bid, and the terms of sale. The receipt shall be accepted in writing by the bidder. A contract of sale, on a form approved by the attorney general, shall be signed by the purchaser, and the contract shall be signed by the commissioner on behalf of the state. The commissioner may impose conditions, limitations, and terms considered necessary and proper to protect the interests of the state. Violation of any provision of this chapter or the terms of the contract of sale subjects the purchaser to appropriate legal action.

Authorities

44.62.175

Notes

Implemented As

11 AAC 71.010
11 AAC 71.015
11 AAC 71.020
11 AAC 71.025
11 AAC 71.035
11 AAC 71.040
11 AAC 71.045
11 AAC 71.050
11 AAC 71.055
11 AAC 71.060
11 AAC 71.065
11 AAC 71.070
11 AAC 71.075
11 AAC 71.095
11 AAC 71.200
11 AAC 71.205
11 AAC 71.215
11 AAC 71.220
11 AAC 71.225
11 AAC 71.230
11 AAC 71.240
11 AAC 71.260
11 AAC 71.265
11 AAC 71.275
11 AAC 71.280
11 AAC 71.415
11 AAC 71.900
11 AAC 71.910
11 AAC 83.371

References

AS 44.62.175 Alaska Online Public Notice System.

History

(Sec. 3 art VI ch 169 SLA 1959; am Sec. 13 ch 61 SLA 1960; am Sec. 3 ch 137 SLA 1962; am Sec. 1 ch 200 SLA 1970; am Sec. 35 ch 152 SLA 1984; am Sec. 15 ch 27 SLA 2012)