(a) The corporation has all the powers necessary or convenient to undertake and carry out urban renewal plans and urban renewal projects, including the power to acquire and dispose of property, to issue bonds and other obligations, to borrow and accept grants from the federal government or other source, and to exercise the other powers granted to it by Alaska Stat. § 18.55.480 – 18.55.960 with respect to redevelopment projects.
Terms Used In Alaska Statutes 18.55.700
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.
municipality: means a political subdivision incorporated under the laws of the state that is a home rule or general law city, a home rule or general law borough, or a unified municipality. See Alaska Statutes 01.10.060
(b) In connection with the planning and undertaking of an urban renewal plan or urban renewal project, the corporation, the municipality, and all public and private offices, agencies, and bodies have all the rights, powers, privileges, and immunities that they have with respect to a redevelopment plan or redevelopment project, in the same manner as though all of the provisions of Alaska Stat. § 18.55.480 – 18.55.960 applicable to a redevelopment plan or redevelopment project were applicable to an urban renewal plan or urban renewal project. However, for the purpose of this subsection,
(1) the word “redevelopment” as used in Alaska Stat. § 18.55.480 – 18.55.960, except in this section and in the definition of “redevelopment project” in Alaska Stat. § 18.55.950, means “urban renewal”;(2) the words “slum” and “blighted” as used in Alaska Stat. § 18.55.480 – 18.55.960, except in this section and in the definitions in Alaska Stat. § 18.55.950, mean “blighted, deteriorated, or deteriorating”; and(3) the finding required by Alaska Stat. § 18.55.510(b) with respect to a blighted area is not required.(c) In addition to the surveys and plans that the corporation may otherwise make, it may make plans
(1) for carrying out a program of voluntary repair and rehabilitation of buildings and improvements; and(2) for the enforcement of laws, codes, and regulations relating to the use of land and the use and occupancy of buildings and improvements, and the compulsory repair, rehabilitation, demolition, or removal of buildings and improvements.(d) The corporation may develop, test, and report methods and techniques, and carry out demonstrations and other activities for the prevention and the elimination of slums and urban blight.
