Alaska Administrative Code
Title 11 - Natural Resources
Part 4 - Agriculture
Chapter 39 - Agricultural Revolving Loan Fund
Article 8 - General Provisions
11 AAC 39.910 - Residency

Universal Citation: 11 AK Admin Code 39.910

Current through August 30, 2024

(a) Except for a permit for early entry issued under 11 AAC 39.705(a) (1), the board may approve a loan, or dispose of cropland to an individual only if that individual is a resident of the state under AS 01.10.055 at the time

(1) the lease, permit, or agreement is executed; and

(2) if the cropland is to be purchased, title is conveyed.

(b) Except for a permit for early entry issued under 11 AAC 39.705(a) (1), the board may make a loan, or dispose of cropland to a corporation, partnership or other association only if the majority ownership is held by persons who are residents of the state under AS 01.10.055 at the time

(1) the lease, permit, or agreement is executed; and

(2) if the cropland is to be purchased, title is conveyed.

Before Register 164, January 2003, the substance of 11 AAC 39.910 was contained in former 11 AAC 39.251. The history note of 11 AAC 39.910 does not reflect the history of the material under its former number.

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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