The property of the corporation is public property used for essential public and governmental purposes and this property and the corporation are exempt from all taxes and special assessments of a municipality, the state, or a political subdivision of the state. However, instead of taxes, the corporation may make payments to the municipality or political subdivision for improvements, services, and facilities furnished by it for the benefit of a space-related project.
Structure Alaska Statutes
Title 26. Military Affairs, Veterans, Disasters, and Aerospace
Chapter 27. Alaska Aerospace Corporation
Sec. 26.27.010. Creation and termination of corporation.
Sec. 26.27.020. Board of directors.
Sec. 26.27.030. Chair and vice-chair.
Sec. 26.27.040. Meetings; staff.
Sec. 26.27.050. Alaska Aerospace Corporation fund.
Sec. 26.27.060. Insurance coverage; safety program.
Sec. 26.27.070. Space activities location.
Sec. 26.27.080. Licenses and permits.
Sec. 26.27.090. Purpose of the corporation.
Sec. 26.27.100. Powers and duties of the corporation.
Sec. 26.27.120. Exercise by corporation of powers within municipalities.
Sec. 26.27.130. Trade secrets confidential.
Sec. 26.27.140. Approval of projects by legislature.
Sec. 26.27.150. Issuance of bonds, notes, and refunding bonds.
Sec. 26.27.160. Security for bonds.
Sec. 26.27.170. Limitation of liability on bonds.
Sec. 26.27.180. Issuance and sale of bonds and notes.
Sec. 26.27.190. Bonds exempt from taxes.
Sec. 26.27.200. Independent financial advisor.
Sec. 26.27.210. Additional powers to secure bonds or obligations under leases.
Sec. 26.27.220. Right of obligee of corporation to bring injunction.
Sec. 26.27.230. Power of corporation to confer upon obligee right to bring action or proceeding.
Sec. 26.27.240. Exemption of real property of corporation from execution or other process.
Sec. 26.27.250. Power of corporation to obtain federal aid and cooperation.
Sec. 26.27.260. Exemption from taxes and assessments.
Sec. 26.27.270. Disposal of surplus property.
Sec. 26.27.280. Public loans or donations to or cooperation with corporation.
Sec. 26.27.300. Cooperation with other authorities.
Sec. 26.27.310. Investment of revenue.
Sec. 26.27.320. Legality of corporation bonds as investments.