Section 3 AAC 305.540 - Administrative penalties(a) The board may levy administrative penalties for violation of this section against all participants in an unlawful trade practice at not less than two times the value of the inducement. The penalty imposed may be joint or severable against one or more participants. If applicable,(1) the value of the inducement permitted under this section may be included in the calculation of the value of the administrative penalty; and(2) the value of the inducement may include the identifiable market value of the inducement or comparable market value, or reasonable estimated market value.(b) Administrative penalties will be levied in addition to any other fines levied by another governmental entity of the United States.(c) The board may calculate the penalty allowed under (a) of this section by considering the severity of the violation and the prior violations of 3 AAC 305.500 - 3 AAC 305.590. by the parties involved in the inducement.Eff. 8/9/2024, Register 251, October 2024Authority:AS 04.06.090
AS 04.06.100
AS 04.16.017