Alaska Statutes 19.20.040 – Acquisition of property and property rights
Terms Used In Alaska Statutes 19.20.040
- Devise: To gift property by will.
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- municipality: means a political subdivision incorporated under the laws of the state that is a home rule or general law city, a home rule or general law borough, or a unified municipality. See Alaska Statutes 01.10.060
- property: includes real and personal property. See Alaska Statutes 01.10.060
For the purposes of Alaska Stat. Chapter 19.05 – Alaska Stat. Chapter 19.25 the department and a municipality may acquire private or public property and property rights, including rights of access, air, view, and light, for controlled-access facilities and service roads by gift, devise, purchase, or condemnation in the same manner as they may now or hereafter be authorized by law to acquire property or property rights in connection with highways in their respective jurisdictions. Property rights acquired under Alaska Stat. Chapter 19.05 – Alaska Stat. Chapter 19.25 shall be in fee simple. In acquiring property or property rights for a controlled-access facility or service highway in connection therewith, the municipality may acquire an entire lot, block, or tract of land, if, by so doing, the interests of the public will be best served, even though the entire lot, block, or tract is not immediately needed for the right-of-way.