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Title 3 . Commerce, Community, and Economic Development
Chapter 99 . Commercial and Industrial Financing
Section 520. Local participation and approval

3 AAC 99.520. Local participation and approval

(a) Before entering into an agreement to finance or develop a development project, the authority will obtain the approval of the municipality in which the proposed project is to be located. If the project is located within unorganized borough, the authority will comply with AS 44.88.174 . The authority will not enter into the agreement unless the municipality responsible for granting approval for the location of a project conducts a public hearing on the proposed project. If the project is located within the unorganized borough, the authority will not enter into the agreement unless the regional resource advisory council under AS 44.88.174 conducts a public hearing within the region.

(b) The authority will solicit the review and advice of either the municipality or regional resource advisory council in the area within which a project is located before the execution of contracts, agreements, resolutions, or other matters that directly concern the development, maintenance, and operation of a project.

(c) The authority will, in its discretion, enter into joint financing arrangements with interested public and private participants with respect to developmental projects.

History: Eff. 1/11/88, Register 106; am 11/30/90, Register 118

Authority: AS 44.88.080

AS 44.88.085

AS 44.88.175

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Last modified 7/05/2006