(a) A neighborhood development project, as undertaken and administered by the corporation, shall consist of urban renewal project undertakings and activities in one or more urban renewal areas that are planned and carried out on the basis of annual increments in accordance with 42 U.S.C. § 1469 – 1469c (secs. 131 – 134, Title I, Housing Act of 1949), as amended.

Terms Used In Alaska Statutes 18.55.525

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(b) The corporation shall adhere to the provisions of Alaska Stat. § 18.55.480 – 18.55.960 in its planning and carrying out of a neighborhood development project.
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