Sec. 38.05.940. Land purchase price discount for veterans.

269 words·~1 min read·/ak/title-38/chapter-5/38-05-940

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)An eligible veteran is entitled to a discount of 25 percent on the purchase price of state land sold under this title and classified under AS 38.05.005 — 38.05.270 for a use other than commercial or industrial use.

(b)To be eligible for a discount under this section, a veteran shall submit proof, as required by regulation, that the veteran

(1)is 18 years of age or older on the date of sale;

(2)has been a state resident for a period of not less than one year immediately preceding the date of sale; and

(3)has served

(A)in the Alaska Territorial Guard for at least 90 days, unless the service was shortened due to a service connected disability; or

(B)on active duty in the U.S. Armed Forces at least 90 days, unless tenure was shortened due to a service connected disability or due to receiving an early separation upon return from a tour of duty overseas, and has received an honorable discharge or a general discharge under honorable conditions.

(c)A veteran is entitled to only one discount under this section during the veteran's lifetime.

(d)A discount under this section may be applied only to the acquisition of surface rights to state land. A discount under this section may not be applied to survey costs, road development costs, utility assessments, or other costs that the commissioner determines are reimbursable to the state.

(e)A discount under this section may not be used toward the purchase of land offered at a restricted sale under AS 38.05.067 .