11 Alaska Admin. Code § 67.015
In addition to selling, leasing, or granting patented land, the division may conditionally sell, lease, or grant land that has been tentatively approved by the federal government for patent to the state, but that is not yet patented. A sale, lease, or grant on this conditional basis will be cancelled if the state is denied title to the land. Money paid to purchase such land will be refunded, or may be applied to the purchase of another parcel. Based on the date of cancellation, a pro rata portion of money paid in advance to lease such land will be refunded, or may be applied to the lease of another parcel. The state is in no way liable for any damage that may be done to the land by the purchaser, lessee, or grantee, or liable for any claim of any third party or for any claim that may arise from ownership. If the state does receive title to the land, the conditional sale, lease, or grant then has the same effect as other sales, leases, or grants.
11 AAC 67.015
Authority:AS 38.04.900
AS 38.05.020
AS 38.05.045
AS 38.05.070
AS 38.05.077