Alaska Supreme Court December 8, 1995, No. S-6128 (United States v. Matanuska-Susitna Borough)

OPINION

EASTAUGH, Justice.

I. INTRODUCTION

This case involves a certified question from the United States District Court for the District of Alaska regarding the meaning of AS 29.45.030(a)(1)(B). That statute exposes real properties that are “retained as an investment” by state agencies to local government taxation.