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If a tender has been accepted, and the village corporation demonstrates to the satisfaction of the commissioner that it is presently unable to execute a deed that complies with 3 AAC 190.025, the commissioner will, in his or her discretion, in place of immediate delivery of such a deed, accept a written agreement to convey land. Acceptance of the agreement to convey will be signified by written endorsement and execution of the agreement by the commissioner. An agreement to convey land must (1) be in a form that may be recorded under AS 34.15 and that sufficiently identifies the land that is subject to the agreement, (2) convey a right to enter the land, and (3) contain other terms and provisions relating to the future conveyance of title to the land to the state in trust which the commissioner determines are appropriate.
History: Eff. 9/21/79, Register 71; am 11/19/88, Register 108
Authority: AS 44.33.755 (a)
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Last modified 7/05/2006