Section 11.67.905. Discount application.

	(a)  An application for a land discount must be submitted to the director on a form supplied by the division. All information on the form, or otherwise required by the division, must be sworn to by the person supplying the information.  
	(b)  The final date to apply for a land discount is as follows:  
		(1) For a sale at auction, the application must be filed no later than the date the apparent high bidder is determined. If the purchaser does not apply for a land discount on or before that date, he waives any right to a discount for that sale. The down payment will be conditionally reduced on the basis of the discount the applicant claims. Within 20 days after filing the discount application, unless the director grants an extension of time for good cause, the applicant shall present the proof required by 11 AAC 67.907(a).  
		(2) For any other type of sale, the application must be filed and adjudication under 11 AAC 67.907 must be completed before the sale contract is entered into. If the purchaser does not apply for a land discount before the sale contract is entered into, he waives any right to a discount for that sale. Along with the application, the applicant shall present the proof required by 11 AAC 67.907(a).  
	(c)  The discount application date is used as  
		(1) the end date for computing the applicant's total length of residency, and the percentage of the discount he is eligible for, if any;  
		(2) the end date of the 12-month period during which the applicant must have been physically present in Alaska; and  
		(3) the date by which the applicant must be at least 18 years old.  

Authorities

38.04.900;38.05.020;38.05.058

Notes

Authority

AS 38.04.900 AS 38.05.020 AS 38.05.058

History

Eff. 5/13/79, Register 70