00                     CS FOR SENATE BILL NO. 183(CRA)                                                                    
01 "An Act authorizing certain second class boroughs to provide for economic development                                   
02 on an areawide basis and authorizing boroughs to expend revenue collected on an                                         
03 areawide or nonareawide basis to provide for economic development."                                                     
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
05    * Section 1.  AS 29.35.110 is amended by adding a new subsection to read:                                          
06            (c)  Use of borough revenue for economic development that benefits the                                       
07       borough is not subject to (a) of this section.                                                                    
08    * Sec. 2.  AS 29.35.210(d) is amended to read:                                                                     
09            (d)  In addition to powers conferred by (b) of this section, a second class                                  
10       borough may, on an areawide basis, exercise a power not otherwise prohibited by law                               
11       if the power has been acquired in accordance with AS 29.35.300.  In addition to the                           
12       power conferred by (a)(8) of this section, a second class borough with a                                      
13       population of more than 80,000 may provide for economic development that                                      
14       benefits the borough on an areawide basis.