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Alaska Statutes.

Title 29. Municipal Government

Chapter 60. State Programs

Section 700. Reimbursement For Costs of Municipal Capital Projects.

AS 29.60.700. Reimbursement For Costs of Municipal Capital Projects.

(a) Subject to appropriations for the purpose, during each fiscal year, the Department of Transportation and Public Facilities shall allocate to each municipality an amount to reimburse the costs paid by the municipality during the immediately preceding fiscal year for the principal and interest on outstanding debt for projects listed in (b) of this section. An allocation may be made to a municipality only if

(1) the debt was incurred by the municipality before July 1, 2007; and

(2) the project or facility financed with the debt proceeds is located in the municipality and the project or facility is operated or controlled by the municipality.

(b) The Department of Transportation and Public Facilities may make an allocation to a municipality under (a) of this section only for reimbursement of costs incurred for the following construction and renovation projects and only for reimbursement of total project costs incurred up to the following amounts:

PROJECT                                                                

Valdez                                                   $  3,013,500  

Nome                                                        1,000,000  

Anchorage (Port of Anchorage expansion)                    15,000,000 

Matanuska-Susitna Borough (deep water port                 10,000,000 

and road upgrade)                                                      

Unalaska (LSA small boat harbor)                            5,000,000  

Aleutians East Boroughkutan                                 4,000,000  

(small boat harbor)                                                    

Lake and Peninsula Borough/Chignik (dock project)           1,000,000  

Aleutians East Borough/False Pass (small boat harbor)       2,000,000  

Fairbanks North Star Borough (Eielson AFB schools,          4,500,000  

major maintenance and upgrades)                                        

City of Fairbanks (fire headquarters station replacement) 7,500,000

Saxman (public safety building)                             1,500,000  

Note to HTML Version:

This version of the Alaska Statutes is current through December, 2004. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.

Last modified 9/3/2005