OPINION
MATTHEWS, Justice.
In 1992 the Cape Fox Corporation and the Department of Natural Resources (DNR) agreed to a land exchange. Because the state land to be exchanged had an estimated value greater than $5,000,000, legislative approval was required. See AS 38.50.020(a); AS 38.50.140. DNR prepared a report on the proposed exchange as required by AS 38.50.130. The report, which found that the exchange was in the state's interest, and the...
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