Section 3.110.320. Local option standards.

	(a)  A borough may dissolve using the local option method identified in AS 29.06.450(a)(2) if the voters of the borough  file a petition for dissolution under AS 29.06.460 and the commission determines that the borough qualifies for dissolution under AS 29.06.470(a) or AS 29.06.470(b). The commission will deny or accept a petition in accordance with AS 29.06.  
	(b)  In determining whether a borough is free of debt or has satisfied each creditor with a method of repayment under AS 29.06.470, the commission will require an audit performed by an independent certified public accountant identifying all assets and liabilities of the borough.  

Authorities

29.06.450;29.06.460;29.06.470;29.06.500;44.33.812

Notes

Authority

Art. X, sec. 1, Ak Const. Art. X, sec. 3, Ak Const. Art. X, sec. 12, Ak Const. AS 29.06.450 AS 29.06.460 AS 29.06.470 AS 29.06.500 AS 44.33.812

History

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