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(a) An approved farm conservation plan will be required as a condition of the sale. The successful purchaser must submit an approved conservation plan before consummation of the sale. For each disposal the director may accept, reject, or modify the farm conservation plan after consultation with the local soil and water conservation district.
(b) If the successful purchaser submits an acceptable conservation plan within the time specified in the sale notice, the plan will be incorporated into the sale contract and the conveyance document as a covenant and a condition subsequent, and will be recorded in that form.
(c) If a successful purchaser fails to provide an acceptable farm conservation plan within the time specified in the sale notice, or within an extension of time granted by the director for good cause shown, he forfeits his bid deposit and the tract may be offered to the next highest bidder, or next qualified applicant, with the secondary award conditioned upon the submission of a farm conservation plan, within a time period equal to the time originally allowed.
(d) A previously approved farm conservation plan may be modified at the request of the purchaser. The director may approve, reject, or modify the farm conservation plan modification after consultation with the local soil and water conservation district.
History: Eff. 4/28/78, Register 66; am 11/5/86, Register 100
Authority: AS 38.05.020
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Last modified 7/05/2006