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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 11. Natural Resources. |
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Part 11.1. Office of the Commissioner. |
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Chapter 11.67. Disposal of Land. |
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Article 11.67.5. Homesites. |
Section 11.67.891. Applicability.
Latest version.
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(a) Veterans' land discounts are applicable only to the purchase of state land classified "settlement" that the department does not consider suitable for commercial or industrial use. The notice of sale required by AS 38.05.945(b) will indicate if veterans' land discounts may be used for that sale. (b) A veterans' land discount applies to the land purchase price only, and not to any interest due on the unpaid balance, or to any costs determined by the commissioner to be reimbursable to the state. (c) Interest on the unpaid balance of the purchase price is computed on the discounted price only. (d) As used in AS 38.05.940, "active duty in the U.S. Armed Forces" means service documented as active duty on Department of Defense form DD 214 in either the United States Army, Navy, Marines, Air Force, or Coast Guard; the Army, Navy, Marine, or Air Force Reserve; or a state national guard unit.
Authorities
38.05.020;38.05.940