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For purposes of 17 AAC 10.011(b) , the department will establish economic rent for a right-of-way held in fee simple by the use of commonly accepted real estate appraisal techniques. For rights-of-way held as easements, the consideration for the issuance of the permit is 90 percent of the economic rent established under this section for a right-of-way held in fee simple. A permittee shall reimburse the department for appraisal costs incurred to determine economic rent.
History: Eff. 4/20/2000, Register 154
Authority: AS 19.05.020
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Last modified 7/05/2006