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24th Alaska State Legislature
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Alaska State House Finance Committee
Rep. Kevin Meyer, Co-Chair Rep. Mike Chenault, Co-Chair

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Rep. Kevin Meyer
State Capitol, Room 515
Juneau, AK 99801-1182
Phone: (907) 465-4945
Fax: (907) 465-3476
      Click image for large 5'' x 7'' portrait

Rep. Mike Chenault
State Capitol, Room 505
Juneau, AK 99801-1182
Phone: (907) 465-3779
Fax: (907) 465-2833

School Construction Bond Reimbursement
Sponsor Statement for House Bill 493
Alaska State Legislature
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Attachments Attachments

 
Released:
April 5, 2006
Updated:
February 19, 2012


"An Act relating to reimbursement of municipal bonds for school construction. "


 

HB 493 proposes to allow municipalities to bond for school construction and renovation projects starting November 1, 2006 and ending November 1, 2008.

Under the legislation, any municipality can ask their electorate to approve bonds for funding of school capital projects. The principal and interest payments would then be eligible for partial reimbursement by the state.

Municipalities would be reimbursed at 60% for those projects that met all of the Department of Education and Early Development's approved space allocation guidelines and at a 40% reimbursement rate for projects that exceeded DEED's maximum space allocation.

Currently there are over $146 million of identified projects submitted to DEED that would qualify for reimbursement under this legislation.

Thank you for your consideration of this important piece of legislation.

# # #

 
Attachments:
 
·
Print Text Version
· Acrobat PDF Version [PDF - 1 page - 9 KB]
· Complete Bill Text for HB 493


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Alaska State Legislature
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· Rep. Kevin Meyer
Co-Chair
Capital Budget
 
· Rep. Mike Chenault
Co-Chair
Operating Budget
 
· Rep. Bill Stoltze
Vice-Chair
 
· Rep. Mike Hawker
 
· Rep. Jim Holm
 
· Rep. Bruce Weyhrauch
 
· Rep. Richard Foster
 
· Rep. Mike Kelly
 
· Rep. Beth Kerttula
 
· Rep. Carl Moses
 
· Rep. Reggie Joule
 
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