11 AAC 39.700. Property subject to disposal

(a) Property subject to disposal under 11 AAC 39.700 - 11 AAC 39.770 includes real and personal property acquired by the fund through voluntary relinquishment, repossession, foreclosure, or other action arising out of agricultural loans or the sale of agricultural land under AS 03.10.

(b) In addition to the public notice required under 11 AAC 39.730, before disposal of the property under this section, the board will hold a public hearing before any fund asset is disposed of if disposal of the asset could have a significant effect on the agricultural industry. The board must address comments received in response to the public notice and hearing under this subsection in a decisional document before disposal of the facility.

History: Eff. 11/27/88, Register 108; am 5/19/90, Register 114; am 10/27/2002, Register 164

Authority: AS 03.09.040

AS 03.10.020

AS 03.10.050

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