The transfer of an interest in trust land, including an assignment under AS 38.05.920, is not effective unless approved by the executive director on a form designated by the executive director. A transfer may not be approved unless it is consistent with 11 AAC 99.020. The executive director's approval is not required before the transfer of a valid mining right under AS 38.05.185 - 38.05.275, that vested before the effective date of the land's designation as Alaska mental health trust land.

(Eff. 3/31/97, Register 141)

Authority: AS 37.14.009, AS 38.05.020, AS 38.05.801