2008-05-30                     House Journal                      Page 3038
HB 314                                                                                                                        
The following letter dated May 22, 2008, was received:                                                                          
                                                                                                                                
"Dear Speaker Harris:                                                                                                           
                                                                                                                                
On this date I signed the following bill passed by the second regular                                                           
session of the Twenty-Fifth Alaska State Legislature and am                                                                     
transmitting the engrossed and enrolled copies to the Lieutenant                                                                
Governor's Office for permanent filing:                                                                                         
                                                                                                                                
     SENATE CS FOR CS FOR HOUSE BILL NO. 314(FIN)                                                                               
     "An Act providing for and relating to the issuance of general                                                              
     obligation bonds for the purpose of paying the cost of state                                                               
     transportation projects; and providing for an effective date."                                                             
                                                                                                                                
     Chapter No. 30, SLA 2008                                                                                                   
     [Effective Date:  May 23, 2008]                                                                                            
                                                                                                                                
There are significant transportation needs across Alaska.  While the                                                            
capital budget addresses many of these projects, there is much more                                                             
that needs to be done.  Low interest rates provide the opportunity to                                                           
keep overall spending low, while at the same time utilizing bond                                                                
receipts to expand and improve our infrastructure.  This legislation                                                            
will let Alaskans decide whether to use $315 million of state bond                                                              
proceeds for needed transportation projects.  I appreciate the careful                                                          
consideration and support from the Legislature of this legislation.                                                             
                                                                                                                                
                                Sincerely,                                                                                     
                                /s/                                                                                             
                                Sarah Palin                                                                                    
                                 Governor"