Alaska Administrative Code
Title 11 - Natural Resources
Part 4 - Agriculture
Chapter 39 - Agricultural Revolving Loan Fund
Article 6 - Disposal of Property
11 AAC 39.710 - Minimum price
Universal Citation: 11 AK Admin Code 39.710
Current through August 30, 2024
(a) The board shall establish a minimum price for real property of the fund before disposal. Factors that must be considered in establishing a minimum price include
(1)
the assessed, appraised, or market value;
(2) the length of time that the fund has
owned the property;
(3) the length
of time that the property has been on the market; and
(4) the management costs of the property to
the state.
(b) If the board uses an appraisal under (a) of this section to establish a minimum price,
(1) the board will only accept an appraisal
completed by an appraiser selected from the list of appraisers approved by the
department; and
(2) the appraisal
must be less than two years old as of the date advertised in the public notice
under 11 AAC 39.730 for the
disposal.
(c) The board shall establish a minimum price for personal property before disposal. Factors that may be considered in establishing a minimum price include the appraised, surveyed, replacement, or market value of the personal property, and the cost of managing the property to the state.
Authority:AS 03.09.040
AS 03.10.020
AS 03.10.050
Disclaimer: These regulations may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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