{"data":{"id":"us-ak/as-38.09.090","jurisdiction":"us-ak","citation":"AS 38.09.090","heading":"Purchase.","body":"(a) If an applicant complies with the requirements of AS 38.09.050(a)(2), (4), and (5) and pays to the commissioner an amount equal to five percent of the fair market value within two years of the issuance of an entry permit, an applicant may purchase the land under AS 38.05.065. The purchase price is the fair market value of the land at the issuance of the entry permit as determined by the commissioner.\n(b) An applicant who complies with AS 38.09.050(a)(2), (4), and (5), and who tenders the commissioner an amount equal to five percent of the present fair market value of the land within five years of the issuance of the permit may purchase the land under AS 38.05.065. The purchase price is the fair market value of the land at the time of the purchase.","path":["Title 38. Public Land.","Chapter 09. Homestead Act."],"source_url":"https://www.akleg.gov/basis/statutes.asp#38.09.090","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:01Z","sha256":"89155c0910922d16a6ae2bb99e805ef056fe6e048501e864fa2268a8902e8511","source_id":"us-ak","stale":false,"prev":"us-ak/as-38.09.080","next":"us-ak/as-38.09.100"},"notice":"GroundRules: Original legal text. Not legal advice."}