Alaska § 29.60.700 - Reimbursement for costs of municipal capital projects.
Full text of Alaska Alaska Statutes § 29.60.700 — Reimbursement for costs of municipal capital projects., with citation guidance and answers to common questions.
§ 29.60.700. Reimbursement for costs of municipal capital projects.
(a) Subject to appropriations for the purpose, during each fiscal year, the Department of Transportation and Public Facilities shall allocate to each municipality an amount to reimburse the costs paid by the municipality during the immediately preceding fiscal year for the principal and interest on outstanding debt for projects listed in (b) of this section. An allocation may be made to a municipality only if
(1) the debt was incurred by the municipality before July 1, 2007, or, if the debt is for a small boat harbor, before July 1, 2012; and
(2) the project or facility financed with the debt proceeds is located in the municipality and the project or facility is operated or controlled by the municipality.
(b) The Department of Transportation and Public Facilities may make an allocation to a municipality under (a) of this section only for reimbursement of costs incurred for the following construction and renovation projects and only for reimbursement of total project costs incurred up to the following amounts:
PROJECT Valdez$ 3,013,500 Nome1,000,000 Anchorage (Port of Anchorage expansion)15,000,000 Matanuska-Susitna Borough (deep water port and road upgrade)10,000,000 Unalaska (LSA small boat harbor)5,000,000 Aleutians East Borough/Akutan (small boat harbor)4,000,000 Lake and Peninsula Borough/Chignik (dock project)1,000,000 Aleutians East Borough/False Pass (small boat harbor)2,000,000 Fairbanks North Star Borough (Eielson AFB schools, major maintenance and upgrades)4,500,000 City of Fairbanks (fire headquarters station replacement)7,500,000 Saxman (public safety building)1,500,000
Article 7. Harbor Facility Grant Program.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 29.60.700
What does Alaska Statutes § 29.60.700 cover?
Section 29.60.700 ("Reimbursement for costs of municipal capital projects.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 29.60.700?
A common citation format is "Alaska Statutes § 29.60.700" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 29.60.700 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.