The Seal of the State of Alaska
  Help    

   
Alaska State Legislature
    Home  |  News  |  Legislators  |  Committees  |  Bills  |  Surveys  |  Archives  |  AchievementsAlaska State Legislature
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature

Advanced Search
Alaska State Legislature
· Contact Staff  
· Biography  
· Committee Memberships  
· Press Releases  
· Audio Clips  
· Personal Legislation  
· Co-Sponsored Legislation  
· District Newsletters
& Info
 
· District Web Directory  
· 23rd Legislature  
Alaska State Legislature
Alaska State Legislature
24th Alaska State Legislature
The 24th Alaska State Legislature
Alaska State Representative Bill Stoltze
Sponsor Statement

Click image for large 5'' x 7'' portrait
Session:
State Capitol, Room 501
Juneau, AK 99801-1182
Phone: (907) 465-4958
Fax: (907) 465-4928
Toll Free: (866) 465-4958
Send Email
Send Public Opinion Message
Subscribe to Newsletter - Privacy Policy

Interim:
600 E. Railroad Ave.
Wasilla, AK 99654
Phone: (907) 376-4958
Fax: (907) 376-4928

10928 Eagle River Road, Suite 238
Eagle River, AK 99577
Phone: (907) 688-4958
Fax: (907) 688-3784

Knik Arm Bridge and Toll Authority
Sponsor Statement for House Bill 471
Alaska State Legislature
Alaska State Legislature
Attachments Attachments

 
Released:
February 17, 2006
Updated:
February 19, 2012


"An Act amending the Knik Arm Bridge and Toll Authority Act and the powers and authority of the authority to finance construction and maintenance of the Knik Arm Bridge, to set and collect tolls, and to carry out its duties; and providing for an effective date. "


"I ask for your support of HB 471 to give KABATA the authority to finalize financial arrangements to complete the financing of the construction, operation and maintenance of the bridge."
- Rep. Stoltze

 

The Legislature created the Knik Arm Bridge and Toll Authority (KABATA) in 1993 to construct a toll bridge across the Knik Arm and connect the Municipality of Anchorage and the Matanuska-Susitna Borough to develop, stimulate, and advance the economic welfare of the state and further the development of public transportation systems in the vicinity of the Upper Cook Inlet. To accomplish the task assigned by the Legislature, KABATA must supplement the federal-aid funds authorized by Congress with significant additional public and private sector financing.

The changes to KABATA's statute reflects advice provided to KABATA from the Department of Transportation's Transportation Infrastructure Finance and Innovation Act (TIFIA) executives and other public and private financing experts that these clarifying amendments are essential for their participation in the financing of this project.

The provisions of HB 471:

  • Provide exclusive authority to KABATA to set the amount of the bridge tolls.
  • Provide explicit authority to enter into public-private partnerships for the construction, maintenance and operation of the toll bridge.
  • Authorize obtaining non-recourse loans from the US DOT's TIFIA loan program.
  • Set the dollar of non-recourse revenue bonds that may be issued and refunded.
  • Provide means for the collection of tolls and other obligations owing KABATA in the operation of the toll bridge.

I ask for your support of HB 471 to give KABATA the authority to finalize financial arrangements to complete the financing of the construction, operation and maintenance of the bridge.

# # #

 
Attachments:
 
·
Print Text Version
· Acrobat PDF Version [PDF - 1 page - 47 KB]
· Complete Bill Text for HB 471


Sign Up For E-News!

Unsubscribe  Privacy
Alaska State Legislature
· 25th Legislature Info
House Majority
House Minority
Senate Majority
Senate Minority
BASIS
 
· 24th Leg. Special Session Info  
· Oil & Gas Production Tax Information  
· Keyword Search  
· Legislator Districts  
· Photo Table  
· Passed Legislation  
· Past Legislatures  
· More Web Tools  
· Majority Press Staff  
· Information Offices  
Requires Real Audio Player = Adobe PDF Reader  
Requires Real Audio Player = Real Audio Player  
Requires Real Audio Player = MP3 Audio Player  
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature

1 Viewer(s)

Total at this time.
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature
· Contact Staff  
· Biography  
· Committee Memberships  
· Press Releases  
· Audio Clips  
· Personal Legislation  
· Co-Sponsored Legislation  
· District Newsletters
& Info
 
· District Web Directory  
· 23rd Legislature  
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature
Home  |  News  |  Legislators  |  Committees  |  Bills  |  Surveys  |  Archives  |  E-News  |  HelpAlaska State Legislature
Alaska State Legislature
The Official Web Site of the House and Senate Legislative Majorities
for the Alaska State Legislature

To Report Technical Problems or Contact Webmasterse-mail address list