Learn About the Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2022 | Updated by FindLaw Staff
(a) The community assistance fund is established in the general fund for the purpose of making community assistance payments to municipalities, reserves, and communities for any public purpose. The fund consists of appropriations. Income earned on money in the fund may be appropriated to the fund. Money in the fund does not lapse.
(b) Each fiscal year, the legislature may appropriate to the community assistance fund money received by the state during the previous calendar year under AS 43.20.030(c). The amount may not exceed the greater of
(1) $30,000,000; or
(2) the amount that, when added to the fund balance on June 30 of the previous fiscal year, equals $90,000,000.
(c) The balance in the community assistance fund shall be determined on June 30 of each year. If the fund balance is at least $15,000,000, without further appropriation, the department shall distribute one-third of that amount as community assistance payments for the immediately following fiscal year. Otherwise, no payments may be made.
(d) Notwithstanding the guidelines in (b) of this section, the legislature may appropriate any amount to the community assistance fund. Nothing in this section creates a dedicated fund.
Cite this article: FindLaw.com - Alaska Statutes Title 29. Municipal Government § 29.60.850. Community Assistance Fund - last updated January 01, 2022 | https://codes.findlaw.com/ak/title-29-municipal-government/ak-st-sect-29-60-850/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)