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- Alaska Statutes.
- Title 29. Municipal Government
- Chapter 35. Municipal Powers and Duties
- Section 340. Effect of Acquiring An Areawide Power.
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next: Section 350
AS 29.35.340. Effect of Acquiring An Areawide Power.
- (a) On acquisition of an areawide power the first or second class borough succeeds to all of the rights, powers, and
duties of any city or service area with respect to that power. The borough succeeds to claims, franchises, and other
contractual obligations, liability for bonded and all other indebtedness, and to all of the right, title, and interest
in the real and personal property held by a city or service area for the exercise of the power.
- (b) The assembly may levy and collect special charges, taxes, or assessments including interest for the purpose of
amortizing bonded indebtedness previously incurred by a city or service area for exercising an areawide power acquired
by the borough. When a city or service area had previously incurred bonded indebtedness, all property that was in the
city or service area at the time the bonds were issued remains subject to taxation to pay the principal of and interest
on the bonds.
- (c) On acquisition of an additional areawide power the first or second class borough, in consultation with the city or
service area personnel, shall arrange for an orderly and equitable transfer of rights, assets, liabilities, powers,
duties, and other matters related to acquisition of the areawide powers.
- (d) This section applies to home rule and general law cities.
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