The property owned by the corporation under the authority granted in AS 18.55.100 - 18.55.290 is public property used for essential public and governmental purposes, and is exempt from all taxes and special assessments of a municipality, the state, or a political subdivision of the state. However, instead of the payment of taxes on this property, the corporation may make payments to the municipality or political subdivision for improvements, services, and facilities furnished by it for the benefit of a housing or public building project.
Section: Previous 18.55.187 18.55.190 18.55.200 18.55.210 18.55.220 18.55.230 18.55.240 18.55.250 18.55.255 18.55.260 18.55.270 18.55.280 18.55.288 18.55.290 NextLast modified: November 15, 2016