Alaska Statutes Sec. 34.60.070 - Expenses Incidental to Transfer of Property

The state agency, as soon as practicable after the date of payment of the purchase price or the date of deposit in court of funds to satisfy the award of compensation in a condemnation proceeding to acquire real property, whichever is the earlier, shall reimburse the owner, to the extent the department considers fair and reasonable, for expenses necessarily incurred for

(1) recording fees, transfer taxes, and similar expenses incidental to conveying the real property to the state agency;

(2) penalty costs for prepayment of a preexisting recorded mortgage entered into in good faith encumbering the real property, if the mortgage was a valid lien on the property for not less than 180 days before the initiation of negotiations for the acquisition of the property; and

(3) the pro rata portion of real property taxes paid that are allocable to a period subsequent to the date of vesting title in the state, or the effective date of possession of the real property by the state agency, whichever is the earlier.

Section: Previous  34.60.010  34.60.020  34.60.030  34.60.040  34.60.050  34.60.060  34.60.070  34.60.080  34.60.090  34.60.100  34.60.110  34.60.120  34.60.130  34.60.135  34.60.137  Next

Last modified: November 15, 2016