1993-04-22                     Senate Journal                      Page 1649
SB 7                                                                       
Forthcoming committee substitute for SENATE BILL NO. 7 "An Act                 
relating to reimbursement of school construction debt; and providing           
for an effective date" (page 1641) was received:                               
                                                                               
	CS FOR SENATE BILL NO. 7(FIN), entitled:                                      
"An Act relating to grants for school construction,                           
to reimbursement of school construction debt, and to                           
school construction bonds issued by the Alaska                                 
Municipal Bond Bank Authority; and providing for                               
an effective date."                                                            
                                                                               
                                                                               

1993-04-22                     Senate Journal                      Page 1650
SB 7                                                                         
Forthcoming Senate Finance Committee Letter of Intent (page 1641):             
                                                                               
                                Letter of Intent                               
                                      for                                      
                                  CSSB 7(Fin)                                  
                                                                               
It is the intent of the Legislature that municipalities                       
and school districts receive debt reimbursement for                            
school construction and major rehabilitation projects                          
from the school construction grant fund.  The                                  
Legislature does not intend the fund to be used for                            
normal, preventative, or routine maintenance                                   
activities.                                                                    
                                                                               
It is further the Legislature's intent that                                   
municipalities and school districts ensure the proper                          
maintenance and upkeep of their schools and                                    
classroom facilities through use of operating funds                            
appropriated annually through the foundation                                   
funding formula.                                                               
                                                                               
Forthcoming fiscal note for the committee substitute published today           
from Department of Education.