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(a) Except for a revocable use permit approved under 11 AAC 39.705(a) (1), if a disposal of property being offered under 11 AAC 39.700 - 11 AAC 39.770 is cropland
(1) the parcel will be restricted to agricultural use and made subject to the conditions, limitations, and covenants established for state land in AS 38.05.321 (a) and (d) - (j);
(2) the parcel will be disposed of subject to 11 AAC 67.177 - 11 AAC 67.180;
(3) the parcel will be disposed of only to an individual who is a resident of the state under AS 01.10.055 at the time
(A) the lease, permit, or agreement is executed; and
(B) if the parcel is to be purchased, title is conveyed; and
(4) the parcel will be disposed of to a corporation, partnership, or other association only if the majority ownership is held by persons who are residents of the state under AS 01.10.055 at the time
(A) the lease, permit, or agreement is executed; and
(B) if the parcel is to be purchased, title is conveyed.
(b) In this section and AS 03.10.050 , "cropland" means a parcel of land
(1) more than 50 percent of which occurs in blocks of twenty acres or more that
(A) after being cleared is capable of producing crops;
(B) is arable and at least 97 percent free of surface stones greater than three inches in diameter;
(C) has slopes less than 12 percent;
(D) has mineral soil depths measuring at least 10 inches;
(E) is capable of draining satisfactorily following conversion to farm land; and
(F) is not subject to frequent flooding.
History: Eff. 11/27/88, Register 108; am 6/10/98, Register 146; am 9/1/99, Register 151; am 10/27/2002, Register 164
Authority: AS 03.09.040
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Last modified 7/05/2006