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Following the appeal period and the commissioner's approval and ruling, as the case may be, the director shall notify the applicant that the division is prepared to issue an appropriate contract. Upon receipt of the notice, the applicant shall be granted 30 calendar days in which to remit to the division any sums that may be due and shall also complete all necessary documents. Failure to do so shall result in the forfeiture of any and all rights previously acquired under the proposed sale, grant, or lease, and in addition, moneys paid to or deposited with the division shall be forfeited pursuant to sec. 140.
History: Eff. 7/20/60, Register 1; am 6/23/62, Register 5
Authority: AS 38.05.020
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Last modified 7/05/2006