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Terms Used In Alaska Statutes 43.82.505

  • Contract: A legal written agreement that becomes binding when signed.

If the commissioner executes a contract under Alaska Stat. § 43.82.020 that will produce one or more economically affected municipalities, the commissioner shall include a term in the contract that provides for a portion of the periodic payments to the economically affected municipalities under the principles in Alaska Stat. § 43.82.520.