(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

Terms Used In Alaska Statutes 29.60.700

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • 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
(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
(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.
(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:

PROJECT

Valdez $

3,0

13,

50

0

Nome 1,0

00,

00

0

Anchorage (Port of 15,

Anchorage 00

expansion) 0,0

00

Matanuska-Susitna Borough (deep water port

and road upgrade) 10,

00

0,0

00

Unalaska (LSA small 5,0

boat harbor) 00,

00

0

Aleutians East Borough/Akutan

(small boat harbor) 4,0

00,

00

0

Lake and Peninsula 1,0

Borough/Chignik 00,

(dock project) 00

0

Aleutians East 2,0

Borough/False Pass 00,

(small boat harbor) 00

0

Fairbanks North Star Borough (Eielson AFB schools,

major maintenance 4,5

and upgrades) 00,

00

0

City of Fairbanks (fire headquarters station

replacement) 7,5

00,

00

0

Saxman (public safety 1,5

building) 00,

00

Page 0

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