00 CS FOR SENATE BILL NO. 204(CRA)                                                                                       
01 "An Act providing the commissioner of natural resources with the authority to                                           
02 make grants of state land to municipalities for the construction and operation of                                       
03 sport and recreational facilities and structures."                                                                      
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
05    * Section 1.  AS 38.05.810 is amended by adding a new subsection to read:                                          
06  (j)  The commissioner may grant undeveloped state land to a municipality for                                          
07 the construction and operation of sport or recreational facilities or structures by the                                 
08 municipality.  Land granted under this subsection may be used to trade for other land                                   
09 that is necessary for the construction and operation of a particular sport or recreational                              
10 facility or structure.  The commissioner shall retain a reversionary interest on each                                   
11 grant of land under this subsection, but if that land is traded for other land, the                                     
12 commissioner may release the reversionary interest on the granted land when the                                         
13 commissioner receives a reversionary interest on the land received in trade.  Land                                      
14 granted under this subsection, or land received in a trade for land granted under this                                  
01 subsection, must be developed by the municipality for the sport or recreational                                         
02 facilities and structures within four years of receipt of the grant.  Land granted under                                
03 this subsection does not count against a municipality's general grant land entitlement                                  
04 under AS 29.65.