(a) The basic amount used for determining the basic community assistance payment for a fiscal year is $300,000 . However, if the amount available for payments for that fiscal year under Alaska Stat. § 29.60.850(c) is less than the amount necessary to make the payments under (b) of this section, the department shall reduce the basic amount pro rata.
Terms Used In Alaska Statutes 29.60.855
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
(b) Except as provided in (c) of this section, the basic community assistance payment for a fiscal year equals, for each
(1) unified municipality, the sum of the amounts calculated under (2) and (3) of this subsection, rounded to the nearest dollar; (2) borough, the basic amount, rounded to the nearest dollar; (3) city and eligible reserve, one-fourth of the basic amount, rounded to the nearest dollar; (4) eligible community in the unorganized borough, one-twelfth of the basic amount, rounded to the nearest dollar; (5) eligible community in a unified municipality or borough, one-nineteenth of the basic amount, rounded to the nearest dollar. (c) The basic community assistance payment amount for a succeeding municipality formed when two or more municipalities merge, consolidate, or unify after January 1, 2002, equals the sum of the amounts each of the former municipalities would receive under (b) of this section calculated as if the merger, consolidation, or unification had not occurred.
