HB 312: "An Act relating to common interest communities."
00 HOUSE BILL NO. 312 01 "An Act relating to common interest communities." 02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 03 * Section 1. AS 34.08.040 is amended by adding a new subsection to read: 04 (b) Under (a) of this section, the application of AS 34.08.470 to the 05 declaration of a common interest community created before January 1, 1986, does not 06 invalidate the declaration when a lien for assessment takes priority under 07 AS 34.08.470 over a deed of trust or mortgage that is recorded on or after January 1, 08 1986, even if the declaration prohibits or conflicts with AS 34.08.470.