{"data":{"id":"us-ak/as-29.60.700","jurisdiction":"us-ak","citation":"AS 29.60.700","heading":"Reimbursement for costs of municipal capital projects.","body":"(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\n(1) the debt was incurred by the municipality before July 1, 2007, or, if the debt is for a small boat harbor, before July 1, 2012; and\n(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.\n(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:\nPROJECT\nValdez$ 3,013,500\nNome1,000,000\nAnchorage (Port of Anchorage expansion)15,000,000\nMatanuska-Susitna Borough (deep water port\nand road upgrade)10,000,000\nUnalaska (LSA small boat harbor)5,000,000\nAleutians East Borough/Akutan\n(small boat harbor)4,000,000\nLake and Peninsula Borough/Chignik (dock project)1,000,000\nAleutians East Borough/False Pass (small boat harbor)2,000,000\nFairbanks North Star Borough (Eielson AFB schools,\nmajor maintenance and upgrades)4,500,000\nCity of Fairbanks (fire headquarters station\nreplacement)7,500,000\nSaxman (public safety building)1,500,000","path":["Title 29. Municipal Government.","Chapter 60. State Programs.","Article 6. Reimbursement for Costs of Port and Harbor Bonds."],"source_url":"https://www.akleg.gov/basis/statutes.asp#29.60.700","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:18:16Z","sha256":"e9c35f9ebf7b80d98aeabe4dd36e1461bb8fd594aa29be9703d6d53412585201","source_id":"us-ak","stale":false,"prev":"us-ak/as-29.60.660","next":"us-ak/as-29.60.800"},"notice":"GroundRules: Original legal text. Not legal advice."}