CSSB 360(FIN): "An Act authorizing the issuance of bonds by the Alaska Housing Finance Corporation for certain capital projects; relating to those bonds and to the appropriation of revenue of the Alaska Housing Finance Corporation; and providing for an effective date."
00CS FOR SENATE BILL NO. 360(FIN) 01 "An Act authorizing the issuance of bonds by the Alaska Housing Finance 02 Corporation for certain capital projects; relating to those bonds and to the 03 appropriation of revenue of the Alaska Housing Finance Corporation; and 04 providing for an effective date." 05 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 06 * Section 1. LEGISLATIVE INTENT. The legislature intends to ensure the prudent 07 management of the Alaska Housing Finance Corporation to protect its excellent debt rating 08 by the nation's financial community and to preserve it as a valuable asset of the state. To 09 accomplish this goal, the sum of withdrawals for the repayment of bonds under sec. 2(c) of 10 this Act, for transfer to the general fund, and for expenditures on corporate funded capital 11 projects should not exceed the corporation's net income for the preceding fiscal year. The 12 Alaska Housing Finance Corporation projects that $103,000,000 will be available in each 13 fiscal year beginning with 1999 through 2006, for a total amount during the seven-year period 14 of $721,000,000.
01 * Sec. 2. BOND AUTHORIZATION AND PROVISIONS. (a) Notwithstanding the 02 limitation in AS 18.56.090 or other provisions of law, the Alaska Housing Finance 03 Corporation is authorized to issue up to $196,200,000 in bonds to finance capital projects of 04 state agencies or municipalities in accordance with appropriations of the bond proceeds. 05 AS 18.56.110 - 18.56.190 apply to bonds issued under this section, except that the bonds shall 06 mature not later than January 1, 2006. 07 (b) The Alaska Housing Finance Corporation shall make the proceeds of bonds issued 08 under (a) of this section available to each of the agencies and municipalities identified in an 09 appropriation of the bond proceeds as necessary to accommodate the construction schedule for 10 each of the projects listed in (e) of this section for which the bond proceeds are appropriated. 11 All income realized by the Alaska Housing Finance Corporation on the bond proceeds may 12 be used by the corporation solely for payments of the principal of and interest on the bonds 13 or other costs related to the bonds. 14 (c) After payments under (b) of this section, any remaining amount necessary for the 15 payment of the principal of and interest on the bonds or other costs related to the bonds shall 16 be annually appropriated from unrestricted revenue of the Alaska Housing Finance 17 Corporation. Each year the corporation shall notify the legislature of the amount of 18 unrestricted revenue to appropriate for the payment of costs related to the bonds. 19 (d) Each year the corporation shall notify the legislature of the amount of unrestricted 20 revenue of the corporation, based on the corporation's net income for the preceding fiscal 21 year, remaining after the appropriation under (c) of this section that is available and that may 22 be appropriated for other purposes. If the corporation determines that an additional amount 23 of unrestricted revenue may be appropriated, the corporation shall also notify the legislature 24 of that additional amount. 25 (e) Subject to appropriation, the proceeds of bonds issued under (a) of this section 26 shall be used by agencies or municipalities in amounts and for projects as follows: 27 PROJECT AMOUNT 28 Department of Administration 29 Pioneers' Homes Health and $101,400 30 Safety Repairs - Anchorage 31 (ED 10-25)
01 Pioneers' Homes Health and 70,000 02 Safety Repairs - Emergency 03 Replacements (ED 99) 04 Pioneers' Homes Health and 192,000 05 Safety Repairs - Fairbanks 06 (ED 29-34) 07 Pioneers' Homes Health and 88,300 08 Safety Repairs - Juneau (ED 3-4) 09 Pioneers' Homes Health and 24,000 10 Safety Repairs - Ketchikan (ED 1) 11 Pioneers' Homes Health and 149,300 12 Safety Repairs - Palmer (ED 26-28) 13 Pioneers' Homes Health and 2,300 14 Safety Repairs - Sitka (ED 2) 15 Department of Corrections 16 Deferred Maintenance, Repair, 800,000 17 Renewal, and Replacement (ED 99) 18 Department of Education 19 AVTEC Food Services Building - 100,000 20 Roof, Renovation and Upgrade (ED 7-9) 21 Craig City Schools - New Craig 9,110,605 22 Secondary School (ED 5) 23 Petersburg City Schools - Middle/ 210,006 24 High School Roof Replacement (ED 2) 25 Wrangell City Schools - Civil 62,521 26 Site Work: Drainage Upgrade (ED 2) 27 Wrangell City Schools - School 115,834 28 Window Replacement (ED 2) 29 Annette Islands Schools - 3,302,766 30 District-wide Major Maintenance 31 and Renovation (ED 5)
01 Annette Islands Schools - Middle/ 113,171 02 High School Asbestos Abatement 03 Project (ED 5) 04 Chatham Schools - Angoon High 303,965 05 School Major Maintenance Project (ED 5) 06 Chatham Schools - Tenakee 240,952 07 Retaining Wall Replacement (ED 5) 08 Haines City Schools - High 299,116 09 School Pool Roof Replacement (ED 5) 10 Hoonah City Schools - 63,709 11 Accessibility Upgrades Project (ED 5) 12 Hoonah City Schools - Auto Shop 297,015 13 Renovation (ED 5) 14 Hoonah City Schools - Roof 1,178,619 15 Replacement Project (ED 5) 16 Kake City Schools - High School 2,859,624 17 Major Maintenance (ED 5) 18 Kake City Schools - High School 207,751 19 Roof Replacement (ED 5) 20 Klawock City Schools - Major 1,984,604 21 Maintenance Project: 22 Architectural, Electrical, 23 Mechanical (ED 5) 24 Pelican City Schools - Major 586,221 25 Maintenance Project: Roofs/ 26 Electrical/Miscellaneous (ED 5) 27 Yakutat City Schools - 192,749 28 Vocational Education Building 29 Renovation (ED 5) 30 Denali Borough Schools - Tri- 4,082,425 31 Valley School Code Upgrade and
01 Rehabilitation (ED 29-34) 02 Chugach Schools - District-wide 47,279 03 Security and Handicapped Access 04 Upgrades (ED 35) 05 Cordova City Schools - Junior/ 3,574,652 06 Senior High School Renovation 07 (ED 35) 08 Delta/Greely Schools - Delta Re- 1,261,958 09 Roof/Fire Alarm Replacement/Gym 10 Floor Repair (ED 35) 11 Chugach Schools - Tatitlek Water 39,519 12 Main Replacement (ED 35) 13 Chugach Schools - Whittier 133,467 14 Drainage/Snow Remediation 15 Project (ED 35) 16 Yukon-Koyukuk Schools - 1,040,938 17 District-wide Roof Replacement (ED 36) 18 Iditarod Area Schools - Grayling 40,670 19 Gym Ceiling Replacement Project (ED 36) 20 Lower Kuskokwim - District-wide 4,684,246 21 Water Treatment Subsurface (ED 99) 22 Nenana City Schools - 85,428 23 Handicapped Access Repairs and 24 Improvements (ED 36) 25 Nenana City Schools - Interior 86,216 26 Lighting: Replace Fixtures and 27 Install Suspended Ceiling (ED 36) 28 Iditarod Area Schools - Lime 388,679 29 Village Oil Spill (ED 36) 30 Alaska Gateway Schools - 543,109 31 Mentasta Fuel Storage Tank Project (ED 36)
01 Alaska Gateway Schools - 3,618,265 02 Northway Soil Remediation Project (ED 36) 03 Alaska Gateway Schools - 156,708 04 Northway Wastewater Treatment Project (ED 36) 05 Tanana City Schools - 278,429 06 Replacement of Lighting Fixtures 07 and Kitchen Equipment and Appliances (ED 36) 08 Galena City Schools - Roofing 1,149,553 09 and Sprinkler Renovation (ED 36) 10 Nenana City Schools - Sprinkler 134,633 11 System Renovation (ED 36) 12 Tanana City Schools - Vocational 39,404 13 Education Roof Replacement (ED 36) 14 Northwest Arctic Borough Schools 1,690,400 15 - Ambler High School Renovation 16 Project (ED 37) 17 Northwest Arctic Borough Schools 2,228,511 18 - Kiana High School Renovation 19 Project (ED 37) 20 Northwest Arctic Borough Schools 2,319,598 21 - Noorvik High School Renovation 22 Project (ED 37) 23 Bering Strait Schools - Shishmaref Plan 390,649 24 Design to Consolidate, Renovate, 25 and Replace Roof, Phase I (ED 37) 26 Northwest Arctic Borough Schools 361,296 27 - Shungnak Major Maintenance: 28 Heating System/Siding (ED 37) 29 Lower Kuskokwim - Bulk Fuel 1,473,067 30 Storage Tank Repairs - nine sites (ED 99) 31 Lower Yukon Schools - Hooper Bay 1,587,213
01 Major Maintenance (ED 38) 02 Nome City Schools - Nome-Beltz 5,269,564 03 Facility Upgrades (ED 38) 04 Dillingham City Schools - K-12 Siding Project 224,315 05 Lake and Peninsula Schools - 678,110 06 District-wide Fuel Farm Upgrade 07 and Fuel Spill Remediation (ED 40) 08 Lake and Peninsula Schools - 1,363,500 09 District-wide School Sprinkler 10 Systems (ED 40) 11 Bristol Bay Borough Schools - 1,791,585 12 Naknek Sprinkler System - Library/Computer Room 13 Relocation/Remodel (ED 40) 14 Southwest Region Schools - 616,984 15 Weather Protection Project for 16 Four Buildings (ED 39) 17 Koliganek Repair of Foundation and Basement 627,373 18 Department of Fish and Game 19 Statewide Facilities Repair, 400,000 20 Maintenance, and Replacement (ED 99) 21 Department of Health and Social Services 22 ADA Upgrades - Competitive 100,000 23 Grants for Trust Beneficiary Facilities (ED 99) 24 Deferred Maintenance - 200,000 25 Competitive Grants for Trust 26 Beneficiary Program Facilities (ED 99) 27 Deferred Maintenance, Renewal, 750,000 28 Replacement, and Equipment (ED 99) 29 Kenai Health Center (ED 7-9) 1,705,000 30 Ketchikan Youth Facility (ED 1) 1,518,300 31 Matanuska-Susitna Detention and 4,100,000
01 Support Facilities, Phase I (ED 26-28) 02 McLaughlin Heat and Ventilation 450,000 03 Control System (ED 10-25) 04 McLaughlin Youth Center 5,297,000 05 Detention Unit/Probation Offices (ED 10-25) 06 Department of Military and Veterans' Affairs 07 Army Guard Deferred Maintenance, 150,000 08 Renewal and Replacement (ED 99) 09 Youth Corps Facility Repairs and 230,000 10 Upgrades Phase I (ED 10-25) 11 Juneau Armory Design and 1,630,000 12 Construction (ED 3-4) 13 Nome Armory Design and 1,994,500 14 Construction (ED 38) 15 Department of Natural Resources 16 Fairbanks Facility Maintenance, 200,000 17 Repair and Construction (ED 29-34) 18 Department of Transportation and Public Facilities 19 Americans with Disabilities Act 4,000,000 20 Compliance Projects (ED 99) 21 Saint Paul Harbor (ED 40) 4,044,600 22 Kodiak Harbor (ED 6) 7,775,500 23 Seward Harbor (ED 7-9) 3,134,200 24 Homer Harbor (ED 7-9) 3,605,400 25 Chignik Small Boat Harbor (ED 40) 3,313,000 26 King Cove Harbor (ED 40) 2,237,500 27 Saint George Harbor (ED 40) 225,000 28 Unalaska Small Boat Harbor (ED 40) 500,000 29 Deferred Maintenance - Airports (ED 99) 900,000 30 Deferred Maintenance - Harbors (ED 99) 900,000 31 Facilities Deferred Maintenance 750,000
01 and Critical Repairs (ED 99) 02 University of Alaska 03 UAA-Deferred Maintenance/Code Compliance 11,834,000 04 Anchorage Campus: Library 2,600,000 05 Facility Planning (ED 10-25) 06 UAF-Deferred Maintenance/Code 37,301,800 07 Hutchison Career Center (ED 29-34) 1,600,000 08 UAS-Deferred Maintenance/Code Compliance 864,200 09 Alaska Court System 10 Anchorage Court Facilities Code 1,460,000 11 and Energy Conservation Upgrades (ED 10-25) 12 Palmer Courthouse Expansion (ED 26-28) 1,914,000 13 Statewide Court Facility Code 850,000 14 and Energy Conservation Upgrades (ED 99) 15 Legislature 16 Capital School - Renovation to Office Space (ED 3-4) 1,925,000 17 TOTAL $175,123,271 18 * Sec. 3. This Act is repealed July 1, 2006. 19 * Sec. 4. This Act takes effect immediately under AS 01.10.070(c).