The property owned by the corporation under the authority granted in AS 18.55.100 - 18.55.290 is public property used for essential public and governmental purposes, and is exempt from all taxes and special assessments of a municipality, the state, or a political subdivision of the state. However, instead of the payment of taxes on this property, the corporation may make payments to the municipality or political subdivision for improvements, services, and facilities furnished by it for the benefit of a housing or public building project.
Structure Alaska Statutes
Title 18. Health, Safety, Housing, Human Rights, and Public Defender
Chapter 55. Housing, Public Buildings, Urban Renewal, and Regional Housing Authorities
Article 1. Housing Project and Public Building Assistance Act.
Sec. 18.55.010. Purpose of AS 18.55.100 - 18.55.290.
Sec. 18.55.080. Members or employees prohibited from acquiring interest in projects.
Sec. 18.55.100. Powers of corporation.
Sec. 18.55.110. Cooperation with and aid of federal government.
Sec. 18.55.120. Housing for low-income households.
Sec. 18.55.130. Qualifications of tenants.
Sec. 18.55.140. Issuance of bonds, notes, and refunding bonds.
Sec. 18.55.150. Security for bonds.
Sec. 18.55.160. Limitation of liability on bonds.
Sec. 18.55.170. Exemption from taxes.
Sec. 18.55.180. Issuance and sale of bonds and notes.
Sec. 18.55.187. Independent financial advisor.
Sec. 18.55.200. Additional powers to secure bonds or obligations under leases.
Sec. 18.55.210. Right of obligee of corporation to bring action.
Sec. 18.55.220. Power of corporation to confer upon obligee right to bring action or proceeding.
Sec. 18.55.230. Exemption of real property of corporation from execution or other process.
Sec. 18.55.240. Power of corporation to obtain federal aid and cooperation.
Sec. 18.55.250. Property of corporation exempt from taxes and assessments.
Sec. 18.55.255. Disposal of surplus property.
Sec. 18.55.260. Legality of corporation's bonds as investments.
Sec. 18.55.270. Recommendations for legislation.
Sec. 18.55.280. Public loans or donations to or cooperation with corporation.