(a) A third class borough may borrow money and issue negotiable or nonnegotiable bonds or other evidences of indebtedness as provided by Alaska Stat. Chapter 29.47.
Terms Used In Alaska Statutes 29.35.220
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) Areawide exercise of a power by a third class borough other than education and tax assessment and collection is not authorized.(c) A third class borough may acquire the power to provide for planning, platting, and land use regulation as provided in Alaska Stat. Chapter 29.40 for first and second class boroughs, except the power may only be exercised within a service area.(d) A third class borough may acquire any power not otherwise prohibited by law, except the power may only be exercised within a service area.(e) A third class borough may by ordinance exercise power necessary to contain, clean up, or prevent a release or threatened release of oil or a hazardous substance, and exercise a power granted to a municipality under Alaska Stat. Chapter 46.04, Alaska Stat. Chapter 46.08, or Alaska Stat. Chapter 46.09, but the power authorized by this subsection may be exercised only on a nonareawide basis. The borough shall exercise its authority under this subsection in a manner that is consistent with a regional master plan prepared by the Department of Environmental Conservation under Alaska Stat. § 46.04.210.
