Sec. 30.30.070. - When public auction not required. - Alaska Statutes

Public auction is not required when the appraised value of an abandoned vessel, as determined by an independent appraiser, is less than $100. The appraiser must have at least one year of experience in the sale, purchase, or appraisal of vessels. Upon that determination and after public advertisement has been made once in a newspaper of general circulation, the department may sell the vessel by negotiation, dispose of it as junk, donate the vessel to a governmental agency, or destroy it.