11 Alaska Admin. Code § 62.160
An occupant not seaward of a municipal corporation claiming a Class I, Class II, or Class III preference right shall lose same unless said occupant makes application to the director to exercise such preference right within two years from the effective date of these regulations, excepting, however, an occupant of tide or submerged land seaward of a municipal corporation, or any lands which the director may convey to a municipal corporation under these regulations shall not be deprived of his preference right should the municipality fail or refuse to exercise its right to a conveyance within the time prescribed by these regulations, but such preference right shall be extended to said occupant for a period of two years subsequent to the last day said municipality may exercise its preference right.
11 AAC 62.160
Authority:AS 38.05.020
AS 38.05.820