The commissioner will, in his or her discretion, dispose of municipal trust land or interests in it in any manner provided for by AS 44.33.755(b), under the procedures set out in 3 AAC 190.410 - 3 AAC 190.490. No action purporting to create an interest or legal right to, or in respect of, municipal trust land has any legal effect whatsoever unless it is taken in strict compliance with AS 44.33.755 and this chapter.

(Eff. 9/21/79, Register 71; am 11/19/88, Register 108)

Authority: AS 44.17.030, AS 44.33.755