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After the time for appeal under 3 AAC 105.470 has run, or after the executive director has issued a decision under that section, the authority will notify the successful applicant or bidder that the authority intends to proceed with the transfer of the property to that applicant or bidder. Within 30 days after receiving notice of the authority's intent, the applicant or bidder must pay to the authority any amount due and submit any documents required to comply with the provisions of 3 AAC 105.400 - 3 AAC 105.480. If the applicant or bidder fails to comply within the time allowed under this section, the applicant or bidder forfeits any amount previously paid to, or upon the order of, the authority and all rights acquired in the property.
History: Eff. 2/16/96, Register 137
Authority: AS 44.83.080
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Last modified 7/05/2006