The commission will, in its discretion, make grants of funds and property to nonprofit corporations which use the funds or property to establish and operate public broadcasting stations in accordance with the provisions of this chapter, and with the understanding that all property purchased with commission-granted money reverts to the commission if the nonprofit corporation is dissolved, or if the broadcast facility declares a surplus.

(Eff. 9/1/73, Register 47; am 6/24/79, Register 70)

Authority: AS 44.21.264, AS 44.21.266