(a) The corporation may not transact business or exercise its powers under AS 18.55.480 - 18.55.960 in a municipality until the governing body approves by resolution the exercise in the municipality of the powers, functions, and duties of the corporation under AS 18.55.480 - 18.55.960.
(b) The governing body of a municipality may not adopt a resolution under (a) of this section unless it finds that
(1) one or more slum or blighted areas exist in the municipality; or
(2) the redevelopment of the slum or blighted area is necessary in the interest of the public health, safety, morals, or welfare of the residents of the municipality.
(c) When the governing body of a municipality adopts the resolution, it shall promptly notify the corporation.
Section: Previous 18.55.480 18.55.490 18.55.500 18.55.510 18.55.520 18.55.525 18.55.530 18.55.540 18.55.550 18.55.560 18.55.570 18.55.580 18.55.590 18.55.600 18.55.610 NextLast modified: November 15, 2016