(a) A public body or agency of the state may

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Terms Used In Alaska Statutes 26.27.280

  • Appraisal: A determination of property value.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • 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
  • property: includes real and personal property. See Alaska Statutes 01.10.060
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(1) lend or donate money or property to the corporation;
(2) cooperate with it in the planning, construction, or operation of a project;
(3) transfer to it an interest in property, grant an easement, undertake otherwise authorized construction of facilities adjacent to a project;
(4) furnish or improve otherwise authorized roads, streets, alleys, and sidewalks;
(5) purchase bonds of the corporation;
(6) incur the entire expense of improvements made under this chapter;
(7) agree with the corporation that a certain sum or that no sum shall be paid by the corporation to it instead of taxes;
(8) enter into agreements respecting exercise of the powers granted in this chapter that shall be approved and executed by the public body or municipality in or adjacent to the project before the project may be constructed; and
(9) in general do all things necessary or convenient to cooperate in the planning, construction, or operation of a project.
(b) Except as required under Alaska Stat. § 44.62.310 – 44.62.319 (Open Meetings Act), a sale, conveyance, lease, or agreement under this section may be made without appraisal, public notice or advertisement, or bidding. A public body may exercise the powers granted in this section by resolution or ordinance by a majority of the members of the governing body present at the meeting at which it is introduced, and the resolution or ordinance takes effect immediately without publishing or posting.
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