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Title 3 . Commerce, Community, and Economic Development
Chapter 77 . Fisheries Enhancement Tax Appropriations
Section 50. Criteria for evaluating offers

3 AAC 77.050. Criteria for evaluating offers

The loan committee will consider the following factors in making its decision on an offer regarding repossessed property:

(1) the outstanding loan balance on the repossessed property;

(2) the current assessed, appraised, surveyed, replacement, forced sale, or market value;

(3) the present supply and demand for similar property;

(4) the length of time the state has owned the property;

(5) the length of time the property has been on the market;

(6) the ongoing management costs of the property to the state;

(7) any minimum acceptable offer set by the department;

(8) whether the offer is for cash or requires departmental financing;

(9) the credit history and financial condition of the person making the offer, if known;

(10) other factors that the loan committee determines to be significant.

History: Eff. 3/29/86, Register 97

Authority: AS 16.10.310 (a)

AS 16.10.339

AS 16.10.510 (4)

AS 26.15.010

AS 26.15.030

AS 26.15.040

AS 27.09.050

AS 44.33.020 (1)

AS 44.33.245 (a)

AS 45.87.060

AS 45.88.020 (a)

AS 45.89.070

AS 45.90.020 (a)

AS 45.95.020

AS 45.98.030 (3)

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Last modified 7/05/2006