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(a) When the commissioner determines that it is in the best interests of the state, a lease under AS 38.05.810 may be granted to the Department of Transportation and Public Facilities, the Department of Administration, or another state agency authorized to acquire facilities or space for the use of the state. Under this section, that agency may sublease the land to a developer for the construction of a facility if a substantial portion of the space in the facility will be leased back to the state for official use.
(b) The terms and conditions of the sublease may be determined by the sublessor state agency with the approval of the commissioner of natural resources.
(c) The sublease must be offered in accordance with the competitive bidding or negotiation procedures governing the sublessor agency's acquisition of facilities or space.
History: Eff. 4/22/84, Register 90
Authority: AS 38.05.020
AS 38.05.810 (a)
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Last modified 7/05/2006