00 HOUSE BILL NO. 312
01 "An Act relating to common interest communities."
02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:
03 * Section 1. AS 34.08.040 is amended by adding a new subsection to read:
04 (b) Under (a) of this section, the application of AS 34.08.470 to the
05 declaration of a common interest community created before January 1, 1986, does not
06 invalidate the declaration when a lien for assessment takes priority under
07 AS 34.08.470 over a deed of trust or mortgage that is recorded on or after January 1,
08 1986, even if the declaration prohibits or conflicts with AS 34.08.470.