Alaska § 36.30.083 - Lease extensions authorized.
Full text of Alaska Alaska Statutes § 36.30.083 — Lease extensions authorized., with citation guidance and answers to common questions.
§ 36.30.083. Lease extensions authorized.
(a) Notwithstanding any other provision of this chapter, the Department of Transportation and Public Facilities, the Board of Regents of the University of Alaska, the legislative council, or the court system may extend a real property lease that is entered into under this chapter for up to 10 years if a minimum cost savings of at least 10 percent below the market rental value of the real property at the time of the extension would be achieved on the rent due under the lease. The market rental value must be established by a real estate broker's opinion of the rental value or by an appraisal of the rental value.
(b) The Department of Transportation and Public Facilities, the University of Alaska, the court system, and the Legislative Affairs Agency shall submit individually an annual report to the Legislative Budget and Audit Committee detailing the leases extended and the cost savings achieved by that entity under (a) of this section. The reports are due August 31 of each year.
Frequently Asked Questions About Alaska § 36.30.083
What does Alaska Statutes § 36.30.083 cover?
Section 36.30.083 ("Lease extensions authorized.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 36.30.083?
A common citation format is "Alaska Statutes § 36.30.083" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 36.30.083 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.