Section 38.09.090. Purchase.

   (a) If an applicant complies with the requirements of AS 38.09.050(a)(2), (4), and (5) and pays to the commissioner an amount equal to five percent of the fair market value within two years of the issuance of an entry permit, an applicant may purchase the land under AS 38.05.065. The purchase price is the fair market value of the land at the issuance of the entry permit as determined by the commissioner.
   (b) An applicant who complies with AS 38.09.050(a)(2), (4), and (5), and who tenders the commissioner an amount equal to five percent of the present fair market value of the land within five years of the issuance of the permit may purchase the land under AS 38.05.065. The purchase price is the fair market value of the land at the time of the purchase.

Notes

Implemented As

11 AAC 67.146
11 AAC 67.147

References

11 AAC 67.146
11 AAC 67.147
11 AAC 67.148
11 AAC 67.149
11 AAC 67.153

History

(Sec. 1 ch 103 SLA 1983; am Sec. 54 ch 152 SLA 1984; am Sec. 35 ch 91 SLA 1997)