In addition to meeting the requirements of 3 AAC 180.110 that apply to a municipality, and before the department makes a community assistance payment to a municipality, the municipality must submit

1. (1) maps and descriptions of all annexed or detached territory as required under AS 29.20.640(a)(1);
2. (2) if the municipality is a borough, unified municipality, or first class city, a copy of the annual audit reviewed by a certified public accountant licensed under AS 08.04, as required under AS 29.20.640(a)(2);
3. (3) if the municipality is a second class city and is required under state or federal law to submit an audit, a copy of that audit reviewed by a certified public accountant licensed under AS 08.04, as required under AS 29.20.640(a)(2); otherwise, a second class city must submit a statement of annual income and expenditures approved by the governing body, as required under AS 29.20.640(a)(2);
4. (4) tax assessment and tax levy figures for the most recently completed annual budget cycle as required under AS 29.20.640(a)(3);
5. (5) a copy of the current annual budget of the municipality as required under AS 29.20.640(a)(4);
6. (6) as required under AS 29.20.640(a)(5), a summary of the optional property tax exemptions authorized together with the estimate of the revenues lost to the municipality by operation of each of the exemptions; and
7. (7) a copy of the taxpayer notices required under AS 29.45.020 and 29.45.660.

(Eff. 5/15/2008, Register 186; am 10/8/2008, Register 188; am 12/22/2017, Register 224)

Authority: AS 29.20.640, AS 29.45.660, AS 29.60.865, AS 29.45.020, AS 29.60.850, AS 44.33.020