00 SENATE BILL NO. 163
01 "An Act approving the University of Alaska's plans to enter into long-term
02 obligations to borrow money from the Alaska Housing Finance Corporation for
03 the acquisition of student housing facilities; and providing for an effective date."
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:
05 * Section 1. UNIVERSITY OF ALASKA STUDENT HOUSING PROJECT APPROVAL.
06 (a) The Nineteenth Alaska State Legislature approves the plans of the Board of Regents of
07 the University of Alaska to enter into obligations to borrow money from the Alaska Housing
08 Finance Corporation at an interest rate of three percent for a period of 25 years for the
09 construction and acquisition of
10 (1) student housing facilities at the Anchorage campus in the amount of
12 (2) a student residence hall at the University of Alaska Southeast Juneau
13 campus in the amount of $4,200,000; and
14 (3) a student housing facility at the Ketchikan campus in the amount of
02 (b) Subsection (a) of this section provides the project approval required by
03 AS 14.40.253 for obligations of the University of Alaska having an annual payment by the
04 university anticipated to exceed $1,000,000.
05 * Sec. 2. This Act takes effect immediately under AS 01.10.070(c).