00                     CS FOR SENATE BILL NO. 183(STA)                                                                    
01 "An Act authorizing certain boroughs to use revenue collected on an areawide or                                         
02 nonareawide basis for economic development."                                                                            
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 29.35.110 is amended by adding a new subsection to read:                                          
05            (c)  Notwithstanding (a) of this section, a borough that has entered into an                                 
06       agreement with a city located in the borough to cooperatively or jointly provide for                              
07       economic development may use borough revenue from taxes, whether collected on an                                  
08       areawide or nonareawide basis, to carry out the terms of the agreement.