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Sponsor Statement for SB 44 An Act establishing an Alaska Toll Bridge and Causeway Authority; and providing for an effective date.
Sponsor Statement for SB 45 An Act making an appropriation for the design of the Knik Arm crossing; and providing for an effective date.
The proposed legislation would appropriate $1 million in state general funds to form the authority, and to design a crossing that will span Cook Inlet from the Port of Anchorage to Point McKenzie. Eighty percent of the construction costs will be covered by federal funds. The Causeway Authority will issue transportation bonds for up to 20% of the costs, and collect tolls to re-pay the bonds. The objectives and benefits of a causeway between the Municipality of Anchorage on the southeast side of the Arm and the Matanuska-Susitna (Mat-Su) Borough on the northwest are as follows:
I introduced the same legislation during the 13th legislature. Now with Congressman Young's leadership we can finally cross the Knik Arm. When Congressman Don Young was elected to chair the U.S. House Transportation Committee, he announced two priorities that he would be working on. One was providing federal funds to help build the Knik Arm Crossing. The Alaska Toll Bridge and Causeway Authority created in this proposed bill has been intended for decades in various legislation and would oversee the use of federal funds appropriated for this project. # # # Attachments:
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