Session: State Capitol, Room 507 Juneau, AK 99801-1182 Phone: (907) 465-2647 Fax: (907) 465-3518 Interim: 716 W 4th Avenue, Suite 310 Anchorage, AK 99501-2133 Phone: (907) 269-0265 Fax: (907) 269-0264

Sponsor Statement for HB 90
Municipal School Bond Reimbursement

An Act relating to reimbursement of municipal bonds for school construction; and providing for an effective date.

Released: January 27, 2001

House Bill 90 corrects a technical error in HB 281, Chapter 130, SLA 2000, the school capital funding and bond debt reimbursement bill. The bill intended to provide bond debt reimbursement for several bond obligations previously approved by voters. Several districts had voters approve bonds prior to securing approval from the commissioner of Education and Early Development. This precluded them from securing intended reimbursement under the provisions of last year's bill.

HB 90 corrects the technical error. It does not expand the authorizations previously provided. It simply allows those intended to receive bond debt reimbursement to do so.

We believe this affects the Municipality of Anchorage and the Northwest Arctic Borough.

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