CSSB 226(FIN): "An Act relating to the purchase by the Alaska Housing Finance Corporation of an office building in Nome from the City of Nome; approving the issuance of bonds for the purchase of the office building; providing notice of, and directing the commissioner of administration to enter into, a lease-purchase agreement with the Alaska Housing Finance Corporation for the office building; and providing for an effective date."
00 CS FOR SENATE BILL NO. 226(FIN) 01 "An Act relating to the purchase by the Alaska Housing Finance Corporation of an 02 office building in Nome from the City of Nome; approving the issuance of bonds for the 03 purchase of the office building; providing notice of, and directing the commissioner of 04 administration to enter into, a lease-purchase agreement with the Alaska Housing 05 Finance Corporation for the office building; and providing for an effective date." 06 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 07 * Section 1. The uncodified law of the State of Alaska is amended by adding a new section 08 to read: 09 FINDINGS AND PURPOSE. (a) The Department of Administration has identified a 10 need for office space in the City of Nome for state agency use. The purchase of an office 11 building in Nome from the City of Nome to provide space for state agency occupancy and use 12 would serve a public purpose. 13 (b) The purpose of this Act is to
01 (1) direct the Alaska Housing Finance Corporation to finance the purchase of 02 an office building in Nome from the City of Nome to provide space for state agency 03 occupancy and use; and 04 (2) provide notice of, and direct the commissioner of administration to enter 05 into, a lease with the Alaska Housing Finance Corporation for the office building authorized 06 in sec. 2 of this Act. 07 * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to 08 read: 09 LEGISLATIVE AUTHORIZATION FOR PURCHASE AND BONDS. (a) The 10 Alaska Housing Finance Corporation shall finance under AS 18.55.010 - 18.55.290 with bond 11 proceeds the purchase of an office building in Nome from the City of Nome to be leased to 12 the Department of Administration to provide space for state agency occupancy and use. The 13 purchase price of the office building may not exceed $38,000,000, including the costs of 14 purchasing the office building and issuing the bonds for the purchase. 15 (b) The Alaska Housing Finance Corporation may issue bonds under 16 AS 18.55.100(a)(15) and (d) for the purchase of the office building described in (a) of this 17 section. The term of the bonds may not exceed 21 years. 18 * Sec. 3. The uncodified law of the State of Alaska is amended by adding a new section to 19 read: 20 LEGISLATIVE NOTICE OF AND AUTHORIZATION FOR LEASE-PURCHASE 21 AGREEMENT. Subject to annual appropriation, the commissioner of administration shall 22 enter into a lease-purchase agreement for the office building described in sec. 2 of this Act. 23 The anticipated total cost of the project is $38,000,000. The anticipated annual amount of the 24 rental obligation is $2,504,000. The total lease payments for the full term of the lease- 25 purchase agreement are anticipated to be $52,548,000. The term of the lease-purchase 26 agreement may not exceed the maximum term of the bonds authorized under sec. 2 of this 27 Act. 28 * Sec. 4. The uncodified law of the State of Alaska is amended by adding a new section to 29 read: 30 APPROVAL OF FINANCING AND AGREEMENT. (a) Section 2 of this Act 31 constitutes the approval required by AS 18.55.100(d) for the financing of the office building
01 described in sec. 2 of this Act. 02 (b) Section 3 of this Act constitutes the notice and approval required by AS 36.30.085 03 for the lease-purchase agreement described in sec. 3 of this Act. 04 * Sec. 5. This Act takes effect immediately under AS 01.10.070(c).