11 AAC 67.091 - Homesite purchase
(a) An entryperson desiring to purchase a
homesite under
AS
38.08.060(e) shall file an
application to purchase within seven years after the issuance of the entry
permit. The requirements of
AS
38.08.060(a)(2) must be met
before filing an application to purchase.
(b) If the director approves an application
to purchase a homesite, each entryperson shall obtain an appraisal of the land.
The appraisal must be made according to standard appraisal instructions
provided by the department and is subject to approval by the
director.
(c) A contract to
purchase a homesite must be executed and returned to the department within 30
days after it is mailed by the department to the entryperson. The down payment
for the purchase must be returned with the executed purchase contract. The
director may, for good cause, extend the time period allowed for execution of
the purchase contract.
Notes
Authority:AS 38.05.020
AS 38.08.060
AS 38.08.110
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