Section 3.110.310. Commission standards.

	(a)  After filing a petition under AS 29.06.450(a)(1), a borough may dissolve if the commission determines that  
		(1) dissolution of the borough is in the best interests of the state;  
		(2) the borough is free of debt or has satisfied each creditor with a method of repayment; and  
		(3) the borough  
			(A) no longer meets the standards for incorporation of boroughs, as set out in the Constitution of the State of Alaska, AS 29.05,  and 3 AAC 110.045 - 3 AAC 110.065, and dissolution is in the best interests of the state;  
			(B) has ceased to exercise any of its mandatory powers; or  
			(C) is a unified municipality and is subject to a petition for deunification under 3 AAC 110.331 - 3 AAC 110.333.   
	(b)  Repealed 1/9/2008.  
	(c)  Except as otherwise provided in this subsection, in determining whether a borough is free of debt or has satisfied each creditor with a method of repayment, the commission will require an audit to be performed by an independent certified accountant identifying all assets and liabilities of the borough.  

Authorities

29.06.450;44.33.812

Notes

Reference

3 AAC 110.330
3 AAC 110.331
3 AAC 110.332
3 AAC 110.333

Authority

Art. X, sec. 1, Ak Const. Art. X, sec. 3, Ak Const. Art. X, sec. 12, Ak Const. AS 29.06.450 AS 44.33.812 Editor's note: The substance of 3 AAC 110.310(b) was relocated to 3 AAC 110.325.

History

Eff. 7/31/92, Register 123; am 5/19/2002, Register 162; am 1/9/2008, Register 185

References

3.110.310;3.110.325