Rep. Eldon Mulder State Capitol, Room 507 Juneau, AK 99801-1182 Phone: (907) 465-2647 Fax: (907) 465-3518

Rep. Bill Williams State Capitol, Room 511 Juneau, AK 99801-1182 Phone: (907) 465-3424 Fax: (907) 465-3793

Sponsor Statement for CSHB 525(FIN)am
G.O. Bonds: Maintenance of Public Facilities

An Act relating to the issuance of general obligation bonds for the purpose of paying the cost of deferred maintenance of public facilities; and providing for an effective date.

Finance Committee Substitute for House Bill 525 authorizes a vote of the people on general obligation bonds issued by the State of Alaska for major deferred maintenance projects, those renovations and improvements that are necessary to preserve the permanence of the facilities.

The proposal, totaling $199,317,717, provides for repair of schools, University of Alaska facilities, state owned docks and harbor facilities, and state owned buildings.

The proposal provides $113,370,217 for 81 school projects around the state. The list includes those schools approved by the department of Education and Early Development for major maintenance.

The $5,560,000 designated for the University of Alaska includes repair to facilities on campuses in Valdez, Palmer, Ketchikan, Kodiak, Fairbanks, Kotzebue, Nome, and Bethel.

The 31,887,500 allocated for docks and harbors will refurbish facilities in Whittier, Seldovia, Juneau, Ketchikan, Sitka, Cordova, Wrangell, Yakutat and Klawock.

In addition there are $48,500,000 to repair various state buildings throughout Alaska, including Pioneers' Homes, youth facilities, prisons, public safety buildings, and court facilities.

The bond question would be on the November ballot. If approved by the voters, projects could commence early in 2003.

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