3 AAC 110.320 - Local option standards
(a) A borough may
dissolve using the local option method identified in
AS
29.06.450(a)(2) if the
voters of the borough file a petition for dissolution under
AS
29.06.460 and the commission determines that
the borough qualifies for dissolution under
AS
29.06.470(a) or
AS
29.06.470(b). The commission
will deny or accept a petition in accordance with AS 29.06.
(b) In determining whether a borough is free
of debt or has satisfied each creditor with a method of repayment under
AS
29.06.470, the commission will require an
audit performed by an independent certified public accountant identifying all
assets and liabilities of the borough.
Notes
Authority: Art. X, sec. 1,
AS 29.06.450
AS 29.06.460
AS 29.06.470
AS 29.06.500
AS 44.33.812
Ak Const.
Art. X, sec. 3,
Ak Const.
Art. X, sec. 12,
Ak Const.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.