If the commissioner develops a contract under AS 43.82.020 that includes terms that exempt a party to the contract, and the property, gas, products, and activities associated with the approved qualified project that is subject to the contract, from a municipal tax or assessment in accordance with AS 29.45.810 or AS 29.46.010(b), or AS 43.82.200 and 43.82.210, the commissioner shall include a term in the contract that the party pay a portion of the periodic payments due under the contract to the revenue-affected municipality.
Structure Alaska Statutes
Title 43. Revenue and Taxation
Chapter 82. Alaska Stranded Gas Development Act
Article 6. Municipal Participation.
Sec. 43.82.500. Obligation to share payments with municipalities.
Sec. 43.82.505. Payments to economically affected municipalities.
Sec. 43.82.510. Municipal advisory group.
Sec. 43.82.520. Duties of the commissioner of revenue in relation to municipal participation.