11 AAC 67.172 - Purchaser qualification [Annulled; see editor's note.]
(a) In order to be
eligible to purchase at an agricultural interest sale, a prospective purchaser
must register at the sale location and must sign a statement worded
substantially as follows: "I understand that if I am the successful purchaser,
I will acquire the state's agricultural interest only. I certify that I intend
to use any land acquired at this sale only for agricultural purposes. I am
familiar with the provisions of applicable state laws, regulations, and the
sale brochure. I understand that if I am the successful purchaser, I will be
required to submit a farm conservation plan before consummating the
sale."
(b) The director may require
a prospective purchaser to qualify by providing evidence that would establish
the purchaser's
(1) ability in farm
management;
(2) ability to obtain
financing;
(3) agricultural
training and experience;
(4) net
worth;
(5) evidence of Alaska
residency;
(6) United States
citizenship; and
(7) authority to
conduct business in the state of Alaska, if the prospective purchaser is a
corporation.
(c) The
director may disqualify a prospective purchaser for prior delinquency in
payment of taxes or rents, for default in payments toward contracts or loans,
including any loan under the Alaska Agricultural Revolving Loan Fund, or for
other good cause.
Notes
Effective August 5, 1997, 11 AAC 67.172 was annulled by sec. 15, ch. 20, SLA 1997.
Authority:AS 38.04.900
AS 38.05.020
AS 38.05.035
AS 38.05.050
AS 38.05.069
AS 38.05.321
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