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The value of the leased lands for purposes of auction minimum valuations, periodic reappraisals, and lease renewals, shall be determined on the basis of the value of the lands for grazing purposes. The grazing lease rates shall give due consideration to estimated carrying capacity for winter and summer use, the use of lands for the growing of forage to be consumed on the grazing lease, and other pertinent economic factors. The minimum leasing rate shall be $0.03 per acre per annum.
History: Eff. 4/16/70, Register 34
Authority: AS 38.05.020
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Last modified 7/05/2006