(a) Except as provided in (d) of this section, before offering to the general public any unoccupied residential land, the director shall offer the land at a restricted sale at which only veterans may buy.

Terms Used In Alaska Statutes 38.05.067

  • director: means the director of the division of lands of the Department of Natural Resources. See Alaska Statutes 38.05.965
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • land: means all land, including shoreland, tideland , and submerged land, or resources belonging to or acquired by the state. See Alaska Statutes 38.05.965
  • person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(b) The director may not sell the land under this section at less than the appraised fair market value. The director shall adopt regulations necessary to ensure that land sold under this section is for bona fide residential use and not for speculation.
(c) When not in conflict with this section, other provisions of Alaska Stat. § 38.05.045 – 38.05.067 apply to sales under this section.
(d) This section does not apply to the sale of state land under Alaska Stat. § 38.05.057, Alaska Stat. Chapter 38.08, or Alaska Stat. Chapter 38.09.
(e) In this section, “veteran” means a person with 90 days or more of active service in the armed forces of the United States who has been honorably discharged or a person with 90 days or more of service in the Alaska Territorial Guard.
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