00SENATE BILL NO. 190                                                                                                     
01 "An Act establishing a residency requirement for auctions of state land."                                               
02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
03    * Section 1.  AS 38.05.055 is amended to read:                                                                       
04  Sec. 38.05.055.  AUCTION SALE PROCEDURES.  Unless another method of                                                   
05 sale is required under this chapter, AS 38.07, or AS 38.08, the sale of state land shall                                
06 be made at public auction to the highest qualified bidder as determined by the director.                                
07 The director may accept bids and sell state land under this section at no less than 70                                  
08 percent of the appraised fair market value of the land.  To qualify to participate in                                  
09 a public auction of state land under this section, a bidder who is a natural person                                     
10 shall have been a resident of the state for at least one year immediately                                               
11 proceeding the date of the auction and submit proof of that fact, as the                                                
12 commissioner requires by regulation.  A bidder must appear in person at the auction                                    
13 unless medical reasons, attendance at school, or military service outside the state                                     
14 prevent attendance.  A bidder may be represented by an attorney or agent at the                                         

01 auction if the land offered for disposal is commercial, industrial, or agricultural land.                               
02 An aggrieved bidder may appeal to the commissioner within five days after the sale                                      
03 for a review of the director's determination.  The sale shall be conducted by the                                       
04 director and at the time of sale the successful bidder shall deposit an amount equal to                                 
05 five percent of the purchase price.  The director shall immediately issue a receipt                                     
06 containing a description of the land or property purchased, the price bid, and the                                      
07 amount deposited.  The receipt shall be acknowledged in writing by the bidder.