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Title 3 . Commerce, Community, and Economic Development
Chapter 190 . Real Property From Dissolved Municipalities
Section 480. Accounting of surcharged appraisal fees and allocable shares of survey and certain other expenses of land disposal

3 AAC 190.480. Accounting of surcharged appraisal fees and allocable shares of survey and certain other expenses of land disposal

The commissioner will account for appraisal and survey expenses, and for any other expenses that result in either a physical improvement to the land or an addition of economic value to the land, and which thereby increase the income that the state might derive, on behalf of the future municipality, from the disposal. Any such expense will be prorated acre-for-acre and allocated on that basis to each affected parcel. When attributable revenues are reported under 3 AAC 190.530 to a future municipality incorporated in the Native village, the net proceeds reported from each disposal will include deductions for all expenses that are to be accounted for under this section.

History: Eff. 9/21/79, Register 71; am 11/19/88, Register 108

Authority: AS 44.33.755


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Last modified 7/05/2006