(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.
Section: Previous 38.09.010 38.09.020 38.09.030 38.09.040 38.09.050 38.09.060 38.09.070 38.09.080 38.09.090 38.09.100 38.09.105 38.09.110 38.09.900 NextLast modified: November 15, 2016