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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 3. Commerce, Community, and Economic Development. |
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Part 3.1. Banking, Securities, Small Loans and Corporations. |
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Chapter 3.152. Payment in Lieu of Taxes for Cities in the Unorganized Borough Program. |
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Article 3.152.3. Program Procedures. |
Section 3.152.200. Calculation of payment in lieu of taxes allocations.
Latest version.
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Subject to appropriations, each payment received by the state under 31 U.S.C. 6901 - 6902 for a federally designated area in the unorganized borough will be fully allocated by the department among the eligible home rule and general law cities located within the boundaries of that area on the basis of the population of each of those cities. For the purpose of this section, the population of a city is the population residing within the city and within the federally designated area, as certified by the commissioner during the state fiscal year immediately preceding the state fiscal year in which the distribution to the city is to be made.