SB 210 Summary

• Renames the "community revenue sharing program" to the "community assistance program" throughout Alaska statutes, effective January 1, 2017.

• Updates references to the renamed program in 18 different statutory sections related to municipal compliance, taxpayer notices, harbor facility grants, fund allocation, and eligibility requirements.

• Changes basic payment amount from $220,000 to $300,000 and adjusts fund balance thresholds from $60,000,000 to $15,000,000 and $180,000,000 to $90,000,000 for distribution eligibility.

• Modifies rounding requirements for basic community assistance payments from the nearest $1,000 or $100 to the nearest dollar for all municipality types.

• Updates the Department of Commerce, Community, and Economic Development's administrative duties to reflect the program name change and clarify terminology regarding revenue sharing and community assistance.