Terms Used In Alaska Statutes 29.65.090

  • director: means the director of lands, Department of Natural Resources. See Alaska Statutes 29.65.130
  • municipality: means a political subdivision incorporated under the laws of the state that is a home rule or general law city, a home rule or general law borough, or a unified municipality. See Alaska Statutes 01.10.060

The director and a municipality are authorized to exchange land or interests in land when it is in the public interest. Land or interests in land exchanged under this section must be of approximately equal value, including the nonmonetary value of public benefits. Exchange procedures shall comply with applicable law and municipal ordinances. The notice and review provisions of Alaska Stat. § 38.05.945 apply to exchanges of land under this section. The provisions of Alaska Stat. Chapter 38.50 do not apply to exchanges of land under this section.