Section 43.82.500. Obligation to share payments with municipalities.

Latest version.

If the commissioner develops a contract under AS 43.82.020 that includes terms that exempt a party to the contract, and the property, gas, products, and activities associated with the approved qualified project that is subject to the contract, from a municipal tax or assessment in accordance with AS 29.45.810 or AS 29.46.010(b), or AS 43.82.200 and 43.82.210, the commissioner shall include a term in the contract that the party pay a portion of the periodic payments due under the contract to the revenue-affected municipality.

Authorities

43.82.200

Notes

References

AS 43.82.200 Contract development.

History

(Sec. 3 ch 104 SLA 1998)

                    
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