2000-03-02                     Senate Journal                      Page 2491
SB 228                                                                       
The Health, Education and Social Services Committee considered                 
SENATE BILL NO. 228 An Act relating to the financing of                        
construction and major maintenance of public school facilities;                
authorizing the commissioner of revenue to sell the right to receive           
a portion of the anticipated revenue from a certain tobacco litigation         
settlement to the Alaska Housing Finance Corporation; authorizing              
the issuance of bonds by the Alaska Housing Finance Corporation                
with proceeds to finance public school construction and major                  
maintenance grants; providing for the creation of subsidiary                   
corporations of the Alaska Housing Finance Corporation for the                 
purpose of financing or facilitating the financing of public school            
construction and major maintenance grants; relating to the annual              
public school construction and major maintenance grant application             
and approval process; providing for allocation of additional                   
reimbursement of public school construction debt; and providing for            
an effective date. Signing do pass: Senator Miller, Chair, Senator             
Elton. Signing no recommendation: Senators Wilken, Pearce.                     
                                                                               
Previous fiscal note.                                                          
                                                                               
The bill was referred to the State Affairs Committee.