In any contract for financial assistance with the federal government, the corporation may obligate itself to convey possession or title to the redevelopment project and land to the federal government, when the contract relates to the project and the land, upon the occurrence of a substantial default. This obligation is not a mortgage. The obligation is specifically enforceable. The contract may provide that in case of the conveyance, the federal government may complete, operate, manage, lease, convey, or otherwise deal with the redevelopment project in accordance with the terms of the contract; however, it shall then require that, as soon as practicable after the federal government is satisfied that all defaults have been cured and that the redevelopment project will be operated in accordance with the terms of the contract, the federal government shall reconvey the redevelopment project to the corporation.
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 3. Slum Clearance and Redevelopment Act.
Sec. 18.55.480. Findings and declaration of necessity.
Sec. 18.55.490. Legislative intent.
Sec. 18.55.510. Finding of necessity by municipality.
Sec. 18.55.520. Powers of the corporation.
Sec. 18.55.525. Neighborhood development projects.
Sec. 18.55.530. Preparation and approval of redevelopment plans.
Sec. 18.55.540. Disposal of property in redevelopment project.
Sec. 18.55.550. Eminent domain.
Sec. 18.55.560. Acquisition and development of undeveloped vacant land.
Sec. 18.55.570. Issuance of bonds and notes.
Sec. 18.55.580. Power of corporation to provide additional security for bonds.
Sec. 18.55.590. Remedies of obligee.
Sec. 18.55.600. Bonds as legal investment.
Sec. 18.55.610. Conveyance to federal government on default.
Sec. 18.55.620. Property exempt from taxes and execution.
Sec. 18.55.630. Cooperation by public bodies.
Sec. 18.55.650. Title of purchaser of project property.
Sec. 18.55.660. Additional powers of governing body.
Sec. 18.55.670. Preparation of general plan by local governing body.
Sec. 18.55.680. Urban renewal projects; definition.
Sec. 18.55.690. Urban renewal plan; definition.
Sec. 18.55.700. Powers with respect to urban renewal.
Sec. 18.55.710. Public bodies authorized to assist in urban renewal projects.
Sec. 18.55.720. Corporation may delegate functions to municipalities and public bodies.
Sec. 18.55.730. Agreements for exercising powers and granting assistance.
Sec. 18.55.740. Workable program.
Sec. 18.55.750. Municipality may repair, etc., dwellings unfit for habitation.
Sec. 18.55.760. Ordinances relating to unfit dwellings.
Sec. 18.55.770. What ordinance must include.
Sec. 18.55.780. Petition or finding that dwelling is unfit and filing of complaint.
Sec. 18.55.790. Pleadings and hearing.
Sec. 18.55.800. Rules of evidence do not control in hearings before the corporation.
Sec. 18.55.810. Findings and order.
Sec. 18.55.820. Ordinance to fix percentage of cost as reasonable.
Sec. 18.55.830. Failure of owner to comply with order.
Sec. 18.55.840. Costs of repair, etc., are a lien.
Sec. 18.55.850. Disposition of material where dwelling is removed or demolished.
Sec. 18.55.870. Manner of serving parties in interest.
Sec. 18.55.880. Injunction to prevent corporation from proceeding.
Sec. 18.55.890. Remedies provided are exclusive.
Sec. 18.55.900. Ordinance may give corporation additional powers.
Sec. 18.55.910. Municipality to prepare estimate of costs of administration.
Sec. 18.55.920. AS 18.55.750 - 18.55.930 not a limitation on municipalities.
Sec. 18.55.930. Powers of a municipality to control use and occupancy of dwellings.
Sec. 18.55.932. Urban redevelopment or urban renewal in a disaster area.
Sec. 18.55.934. State aid for an urban redevelopment or urban renewal project in a disaster area.