11 AAC 67.172. Purchaser qualification. [Annulled; see editor's note.]

(a) In order to be eligible to purchase at an agricultural interest sale, a prospective purchaser must register at the sale location and must sign a statement worded substantially as follows: "I understand that if I am the successful purchaser, I will acquire the state's agricultural interest only. I certify that I intend to use any land acquired at this sale only for agricultural purposes. I am familiar with the provisions of applicable state laws, regulations, and the sale brochure. I understand that if I am the successful purchaser, I will be required to submit a farm conservation plan before consummating the sale."

(b) The director may require a prospective purchaser to qualify by providing evidence that would establish the purchaser's

(1) ability in farm management;

(2) ability to obtain financing;

(3) agricultural training and experience;

(4) net worth;

(5) evidence of Alaska residency;

(6) United States citizenship; and

(7) authority to conduct business in the state of Alaska, if the prospective purchaser is a corporation.

(c) The director may disqualify a prospective purchaser for prior delinquency in payment of taxes or rents, for default in payments toward contracts or loans, including any loan under the Alaska Agricultural Revolving Loan Fund, or for other good cause.

History: Eff. 4/28/78, Register 66

Authority: AS 38.04.900

Editor's note: Effective August 5, 1997, 11 AAC 67.172 was annulled by sec. 15, ch. 20, SLA 1997.

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