HCS 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."
00HOUSE CS FOR CS 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 $218,632,441 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) The corporation shall determine the amount of unrestricted revenue necessary, after 15 payments under (b) of this section, for the payment of costs related to the bonds and notify 16 the legislature. 17 (d) Each year the corporation shall notify the legislature of the amount of unrestricted 18 revenue of the corporation, based on the corporation's net income for the preceding fiscal 19 year, remaining after subtracting the amount determined under (c) of this section that is 20 available and that may be appropriated for other purposes. If the corporation determines that 21 an additional amount of unrestricted revenue may be appropriated, the corporation shall also 22 notify the legislature of that additional amount. 23 (e) Subject to appropriation, the proceeds of bonds issued under (a) of this section 24 shall be used by agencies or municipalities in amounts and for projects as follows: 25 PROJECT AMOUNT 26 Department of Administration 27 Pioneers' Homes Health and $627,300 28 Safety Repairs 29 Alaska Public Broadcasting Commission - 100,000 30 For Payment as a Grant Under 31 AS 44.21.266 to KAKM for
01 Equipment Purchase (ED 10-25) 02 Municipality of Anchorage - For Payment 70,000 03 as a Grant Under AS 37.05.316 for 04 Basher Road (Limited Road Service 05 Area) Paving and Improvements 06 (ED 10 - 25) 07 Department of Corrections 08 Deferred Maintenance, Repair, 800,000 09 Renewal, and Replacement (ED 99) 10 Department of Education 11 AVTEC Food Services Building - 100,000 12 Roof, Renovation and Upgrade (ED 7-9) 13 Craig City Schools - New Craig 9,110,605 14 Secondary School (ED 5) 15 Petersburg City Schools - Middle/ 210,006 16 High School Roof Replacement (ED 2) 17 Wrangell City Schools - Civil 62,521 18 Site Work: Drainage Upgrade (ED 2) 19 Wrangell City Schools - School 115,834 20 Window Replacement (ED 2) 21 Annette Islands Schools - 3,302,766 22 District-wide Major Maintenance 23 and Renovation (ED 5) 24 Annette Islands Schools - Middle/ 113,171 25 High School Asbestos Abatement 26 Project (ED 5) 27 Chatham Schools - Angoon High 303,965 28 School Major Maintenance Project (ED 5) 29 Chatham Schools - Tenakee 240,952 30 Retaining Wall Replacement (ED 5) 31 Haines City Schools - High 299,116
01 School Pool Roof Replacement (ED 5) 02 Hoonah City Schools - 63,709 03 Accessibility Upgrades Project (ED 5) 04 Hoonah City Schools - Auto Shop 297,015 05 Renovation (ED 5) 06 Hoonah City Schools - Roof 1,178,619 07 Replacement Project (ED 5) 08 Kake City Schools - High School 2,859,624 09 Major Maintenance (ED 5) 10 Kake City Schools - High School 207,751 11 Roof Replacement (ED 5) 12 Klawock City Schools - Major 1,984,604 13 Maintenance Project: 14 Architectural, Electrical, 15 Mechanical (ED 5) 16 Pelican City Schools - Major 586,221 17 Maintenance Project: Roofs/ 18 Electrical/Miscellaneous (ED 5) 19 Yakutat City Schools - 192,749 20 Vocational Education Building 21 Renovation (ED 5) 22 Denali Borough Schools - Tri- 4,082,425 23 Valley School Code Upgrade and 24 Rehabilitation (ED 29-34) 25 Chugach Schools - District-wide 47,279 26 Security and Handicapped Access 27 Upgrades (ED 35) 28 Cordova City Schools - Junior/ 3,574,652 29 Senior High School Renovation 30 (ED 35) 31 Delta/Greely Schools - Delta Re- 1,261,958
01 Roof/Fire Alarm Replacement/Gym 02 Floor Repair (ED 35) 03 Chugach Schools - Tatitlek Water 39,519 04 Main Replacement (ED 35) 05 Chugach Schools - Whittier 133,467 06 Drainage/Snow Remediation 07 Project (ED 35) 08 Yukon-Koyukuk Schools - 1,040,938 09 District-wide Roof Replacement (ED 36) 10 Iditarod Area Schools - Grayling 40,670 11 Gym Ceiling Replacement Project (ED 36) 12 Lower Kuskokwim Schools - District-wide 4,684,246 13 Water Treatment Subsurface (ED 99) 14 Nenana City Schools - 85,428 15 Handicapped Access Repairs and 16 Improvements (ED 36) 17 Nenana City Schools - Interior 86,216 18 Lighting: Replace Fixtures and 19 Install Suspended Ceiling (ED 36) 20 Iditarod Area Schools - Lime 388,679 21 Village Oil Spill (ED 36) 22 Alaska Gateway Schools - 543,109 23 Mentasta Fuel Storage Tank Project (ED 36) 24 Alaska Gateway Schools - 3,618,265 25 Northway Soil Remediation Project (ED 36) 26 Alaska Gateway Schools - 156,708 27 Northway Wastewater Treatment Project (ED 36) 28 Tanana City Schools - 278,429 29 Replacement of Lighting Fixtures 30 and Kitchen Equipment and Appliances (ED 36) 31 Galena City Schools - Roofing 1,149,553
01 and Sprinkler Renovation (ED 36) 02 Nenana City Schools - Sprinkler 134,633 03 System Renovation (ED 36) 04 Tanana City Schools - Vocational 39,404 05 Education Roof Replacement (ED 36) 06 Northwest Arctic Borough Schools - 1,690,400 07 Ambler High School Renovation 08 Project (ED 37) 09 Northwest Arctic Borough Schools - 2,228,511 10 Kiana High School Renovation 11 Project (ED 37) 12 Northwest Arctic Borough Schools - 2,319,598 13 Noorvik High School Renovation 14 Project (ED 37) 15 Bering Strait Schools - Shishmaref Plan 390,649 16 Design to Consolidate, Renovate, 17 and Replace Roof, Phase I (ED 37) 18 Northwest Arctic Borough Schools - 361,296 19 Shungnak Major Maintenance: 20 Heating System/Siding (ED 37) 21 Lower Kuskokwim Schools - Bulk Fuel 1,473,067 22 Storage Tank Repairs: nine sites (ED 99) 23 Lower Yukon Schools - Hooper Bay 1,587,213 24 Major Maintenance (ED 38) 25 Nome City Schools - Nome-Beltz 5,269,564 26 Facility Upgrades (ED 38) 27 Dillingham City Schools - K-12 Siding Project (ED 39) 224,315 28 Southwest Region Schools - Koliganek Repair 627,373 29 of Foundation and Basement (ED 39) 30 Lake and Peninsula Schools - 678,110 31 District-wide Fuel Farm Upgrade
01 and Fuel Spill Remediation (ED 40) 02 Lake and Peninsula Schools - 1,363,500 03 District-wide School Sprinkler 04 Systems (ED 40) 05 Bristol Bay Borough Schools - 1,791,585 06 Naknek Sprinkler System/Library/Computer Room 07 Relocation/Remodel (ED 40) 08 Southwest Region Schools - 616,984 09 Weather Protection Project for 10 Four Buildings (ED 39) 11 Copper River Schools - 4,071,274 12 Kenny Lake Elementary School 13 Replacement (ED 35) 14 Lower Yukon Schools - Pilot Station K-12 839,585 15 Replacement (ED 36) 16 Northwest Arctic Schools - Buckland School 12,336,141 17 Remediation Project, Phase II (ED 37) 18 Lower Yukon Schools - Kotlik K-12 Expansion (ED 38) 849,928 19 Bering Strait Schools - Golovin School Upgrade and 408,219 20 Addition (ED 38) 21 Bering Strait Schools - Elim School Upgrade and 458,209 22 Addition (ED 38) 23 Southwest Region Schools - Replacement of Togiak 880,011 24 School (ED 39) 25 Pribilof Schools - Remodel and Expansion of 240,871 26 Saint George School (ED 40) 27 Department of Fish and Game 28 Statewide Facilities Repair, 400,000 29 Maintenance, and Replacement (ED 99) 30 Department of Health and Social Services 31 ADA Upgrades - Competitive 100,000
01 Grants for Trust Beneficiary Facilities (ED 99) 02 Deferred Maintenance - 200,000 03 Competitive Grants for Trust 04 Beneficiary Program Facilities (ED 99) 05 Deferred Maintenance, Renewal, 750,000 06 Replacement, and Equipment (ED 99) 07 Kenai Health Center (ED 7-9) 1,705,000 08 Ketchikan Youth Facility (ED 1) 1,518,300 09 Matanuska-Susitna Detention and 4,100,000 10 Support Facilities, Phase I (ED 26-28) 11 McLaughlin Heat and Ventilation 450,000 12 Control System (ED 10-25) 13 McLaughlin Youth Center 5,297,000 14 Detention Unit/Probation Offices (ED 10-25) 15 Department of Military and Veterans' Affairs 16 Army Guard Deferred Maintenance, 150,000 17 Renewal and Replacement (ED 99) 18 Youth Corps Facility Repairs and 230,000 19 Upgrades, Phase I (ED 10-25) 20 Juneau Armory Design and 1,630,000 21 Construction (ED 3-4) 22 Nome Armory Design and 1,994,500 23 Construction (ED 38) 24 Department of Natural Resources 25 Fairbanks Facility Maintenance, 200,000 26 Repair and Construction (ED 29-34) 27 Department of Transportation and Public Facilities 28 Americans with Disabilities Act 4,000,000 29 Compliance Projects (ED 99) 30 Corps of Engineers Harbor Program 31 Kodiak Harbor (ED 6) 7,775,500
01 Seward Harbor (ED 7-9) 3,134,200 02 Homer Harbor (ED 7-9) 3,605,400 03 Chignik Small Boat Harbor (ED 40) 3,313,000 04 King Cove Harbor (ED 40) 2,237,500 05 Saint George Harbor (ED 40) 225,000 06 Unalaska Small Boat Harbor (ED 40) 500,000 07 Saint Paul Harbor (ED 40) 4,044,600 08 Statewide Programs 09 Deferred Maintenance - Airports (ED 99) 900,000 10 Deferred Maintenance - Harbors (ED 99) 900,000 11 Facilities Deferred Maintenance 750,000 12 and Critical Repairs (ED 99) 13 University of Alaska 14 UAA - Deferred Maintenance/Code 4,734,000 15 Compliance/Renovation 16 UAA - Library Facility Planning, Design, 9,530,000 17 Site Development, and Initial 18 Construction (ED 10-25) 19 UAF-Deferred Maintenance/Code 36,901,800 20 Compliance/Renovation 21 Hutchison Career Center (ED 29-34) 1,600,000 22 Statewide Library Consortium Data 400,000 23 Data Base (ED 29-34) 24 UAS-Deferred Maintenance/Code Compliance/ 864,200 25 Renovation 26 Alaska Court System 27 Anchorage Court Facilities Code 1,460,000 28 and Energy Conservation Upgrades (ED 10-25) 29 Palmer Courthouse Expansion (ED 26-28) 1,914,000 30 Statewide Court Facility Code 850,000 31 and Energy Conservation Upgrades (ED 99)
01 Legislature 02 Capital School - Renovation to Office Space (ED 3-4) 1,925,000 03 TOTAL $195,207,509 04 * Sec. 3. This Act is repealed July 1, 2006. 05 * Sec. 4. This Act takes effect immediately under AS 01.10.070(c).