Sec. 38.05.115. - Limitations and conditions of sale.
(a) The commissioner shall determine the timber and other materials to be sold, and the limitations, conditions, and terms of sale. The limitations, conditions, and terms shall include the utilization, development, and maintenance of the sustained yield principle, subject to preference among other beneficial uses. The commissioner may negotiate sales of timber or materials without advertisement and on the limitations, conditions, and terms that are considered to be in the best interests of the state. Within a one-year period, the commissioner may not negotiate a sale without advertisement to the same purchaser of
(1) more than 500 M.B.M. or equivalent other measure of timber;
(2) except as provided in (3) of this subsection, more than 25,000 cubic yards of materials; or
(3) more than 100,000 cubic yards of materials to a common carrier holding a lease under AS 38.35.
(b) Negotiated sales not exceeding 50 M.B.M. or the equivalent other measure of timber or 2,500 cubic yards of materials are exempt from the provisions of AS 34.15.150 .
(c) The limitations of this section are not applicable to timber which becomes state property under the provisions of AS 45.50.210 - 45.50.235.