(a) If the borough levies and collects only a sales tax and use tax, the assembly shall provide a notice substantially in the form set out in Alaska Stat. § 29.45.020. In providing notice under this subsection, the assembly shall substitute for the millage equivalency its estimate of the equivalent sales tax rate for each of the categories of financial assistance set out in Alaska Stat. § 29.45.020. Notice shall be provided
(1) by publishing in a newspaper of general circulation in the borough a copy of the notice once each week for a period of three successive weeks, with publication to occur not later than 45 days after the final adoption of the borough’s budget; or(2) if there is no newspaper of general circulation in the borough, by posting a copy of the notice for at least 20 days in at least two public places in the borough, with posting to occur not later than 45 days after the final adoption of the borough’s budget.(b) Compliance with the provisions of this section is a prerequisite to receipt of community assistance under Alaska Stat. § 29.60.850 – 29.60.879. The department shall withhold annual allocations under those sections until municipal officials demonstrate that the requirements of this section have been met.
