Alaska Statutes 47.60.060 – Lease of property from state
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 47.60.060
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- property: includes real and personal property. See Alaska Statutes 01.10.060
The Department of Health may lease property under its jurisdiction, suitable for use as a multipurpose senior center, to a nonprofit corporation that undertakes the development and operation of a multipurpose senior center.