The state agency, as soon as practicable after the date of payment of the purchase price or the date of deposit in court of funds to satisfy the award of compensation in a condemnation proceeding to acquire real property, whichever is the earlier, shall reimburse the owner, to the extent the department considers fair and reasonable, for expenses necessarily incurred for
(1) recording fees, transfer taxes, and similar expenses incidental to conveying the real property to the state agency;
(2) penalty costs for prepayment of a preexisting recorded mortgage entered into in good faith encumbering the real property, if the mortgage was a valid lien on the property for not less than 180 days before the initiation of negotiations for the acquisition of the property; and
(3) the pro rata portion of real property taxes paid that are allocable to a period subsequent to the date of vesting title in the state, or the effective date of possession of the real property by the state agency, whichever is the earlier.
Structure Alaska Statutes
Chapter 60. Relocation Assistance and Real Property Acquisition Practices
Sec. 34.60.020. State agencies to establish program.
Sec. 34.60.030. Administration of program.
Sec. 34.60.040. Relocation payments.
Sec. 34.60.050. Replacement housing for homeowners.
Sec. 34.60.060. Replacement housing for tenants and others.
Sec. 34.60.070. Expenses incidental to transfer of property.
Sec. 34.60.080. Litigation expenses.
Sec. 34.60.090. Relocation services.
Sec. 34.60.100. Eminent domain.
Sec. 34.60.110. Nontaxation of payments.
Sec. 34.60.120. Uniform real property acquisition policy.
Sec. 34.60.130. Uniform acquisition policy for improvements.
Sec. 34.60.135. Planning loans for additional housing.
Sec. 34.60.137. Housing replacement assistance as last resort.