{"data":{"id":"us-ak/as-29.60.540","jurisdiction":"us-ak","citation":"AS 29.60.540","heading":"Limitations on uses of grants by municipalities and villages.","body":"(a) A municipality may not use a grant made under AS 29.60.510 to reduce current municipal tax rates or to retire its existing bonded indebtedness.\n(b) Money received by a municipality, village, or school district under AS 29.60.500 — 29.60.599 may not be used for a capital improvement, as that term is defined in AS 46.08.900.","path":["Title 29. Municipal Government.","Chapter 60. State Programs.","Article 3. Oil and Hazardous Substance Municipal Impact Assistance."],"source_url":"https://www.akleg.gov/basis/statutes.asp#29.60.540","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:18:16Z","sha256":"80412ab2dec124452482d8280e7804647e17abb5c06ffb8b2b6494a8c0f61bc5","source_id":"us-ak","stale":false,"prev":"us-ak/as-29.60.530","next":"us-ak/as-29.60.550"},"notice":"GroundRules: Original legal text. Not legal advice."}