(a) The basic amount used for determining the basic community assistance payment for a fiscal year is $300,000. However, if the amount available for payments for that fiscal year under AS 29.60.850(c) is less than the amount necessary to make the payments under (b) of this section, the department shall reduce the basic amount pro rata. (b) Except as provided in (c) of this section, the basic community assistance payment for a fiscal year equals, for each (1) unified municipality, the sum of the amounts calculated under (2) and (3) of this subsection, rounded to the nearest dollar; (2) borough, the basic amount, rounded to the nearest dollar; (3) city and eligible reserve, one-fourth of the basic amount, rounded to the nearest dollar; (4) eligible community in the unorganized borough, one-twelfth of the basic amount, rounded to the nearest dollar; (5) eligible community in a unified municipality or borough, one- nineteenth of the basic amount, rounded to the nearest dollar. (c) The basic community assistance payment amount for a succeeding municipality formed when two or more municipalities merge, consolidate, or unify after January 1, 2002, equals the sum of the amounts each of asic community assistance payment amount for a succeeding municipality formed when two or more municipalities merge, consolidate, or unify after January 1, 2002, equals the sum of the amounts each of the former municipalities would receive under (b) of this section calculated as if the merger, consolidation, or unification had not occurred.
Alaska Legal Code