Section 11 AAC 39.710 - Minimum price(a) The board shall establish a minimum price for real property of the fund before disposal. Factors that must be considered in establishing a minimum price include(1) the assessed, appraised, or market value;(2) the length of time that the fund has owned the property;(3) the length of time that the property has been on the market; and(4) the management costs of the property to the state.(b) If the board uses an appraisal under (a) of this section to establish a minimum price, (1) the board will only accept an appraisal completed by an appraiser selected from the list of appraisers approved by the department; and(2) the appraisal must be less than two years old as of the date advertised in the public notice under 11 AAC 39.730 for the disposal.(c) The board shall establish a minimum price for personal property before disposal. Factors that may be considered in establishing a minimum price include the appraised, surveyed, replacement, or market value of the personal property, and the cost of managing the property to the state.Eff. 11/27/88, Register 108; am 10/27/2002, Register 164Authority:AS 03.09.040
AS 03.10.020
AS 03.10.050