The borough may take any necessary measures, in compliance with state or federal statutes and regulations, on an area-wide or nonarea-wide basis, to contain, clean up, or prevent a release or threatened release of oil or any other hazardous substance, and to make any necessary plans to contain, clean up, or prevent such release or threatened release, in accordance with applicable provisions, as amended, of AS 26.23, 29.35.500 through 29.35.590, 46.03, 46.04, 46.08, and 46.09.