Alaska Statutes.
Title 29. Municipal Government
Chapter 60. State Programs
Section 60. Tax Equalization Account.
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AS 29.60.060. Tax Equalization Account.

The tax equalization account is established. Money to carry out the provisions of AS 29.60.010 - 29.60.080 shall be allocated by the department to the account. The amount allocated to the account shall be fully distributed by the department as payments to municipalities to fulfill each share authorized under AS 29.60.010 . The amount allocated to the account shall be distributed by the department pro rata among eligible municipalities.

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