The director and a municipality are authorized to exchange land or interests in land when it is in the public interest. Land or interests in land exchanged under this section must be of approximately equal value, including the nonmonetary value of public benefits. Exchange procedures shall comply with applicable law and municipal ordinances. The notice and review provisions of AS 38.05.945 apply to exchanges of land under this section. The provisions of AS 38.50 do not apply to exchanges of land under this section.
Structure Alaska Statutes
Title 29. Municipal Government
Chapter 65. General Grant Land
Sec. 29.65.010. Determination of entitlement for boroughs and unified municipalities.
Sec. 29.65.020. Determination of entitlement for cities.
Sec. 29.65.030. Determination of entitlement for newly incorporated municipalities.
Sec. 29.65.040. Status of entitlements.
Sec. 29.65.050. Fulfillment of land entitlements.
Sec. 29.65.060. School and mental health land.
Sec. 29.65.070. Selection and conveyance procedure.
Sec. 29.65.090. Authorization for land exchanges.
Sec. 29.65.100. Public purpose and expansion needs.