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Title 3 . Commerce, Community, and Economic Development
Chapter 105 . Financial and Technical Assistance for Energy Systems, Facilities, and Equipment
Section 420. Real property; less than fair market value

3 AAC 105.420. Real property; less than fair market value

Unless otherwise required by law or contract, the disposition of property under this section to the state, an agency of the state, a municipality, a utility, or a non-profit corporation that is exempt from federal income tax under 26 U.S.C. 501(c)(3), in the discretion of the executive director may be for less than fair market value. An appraisal is not required for the disposal of property under this section.

History: Eff. 2/16/96, Register 137

Authority: AS 44.83.080

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Last modified 7/05/2006