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(a) Land discounts are applicable only to the purchase of state land sold for noncommercial, nonindustrial use. As part of the notice of sale required by AS 38.05.945 (b), the director will indicate if land discounts may be used for that sale.
(b) Discounts apply to the land purchase price only, and not to any interest due on the unpaid balance, or to any costs determined by the director to be reimbursable to the state.
(c) Interest on the unpaid balance of the purchase price is computed on the discounted price only.
History: Eff. 5/13/79, Register 70; am 10/14/79, Register 72; am 3/30/83, Register 85
Authority: AS 38.04.900
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Last modified 7/05/2006