00 Enrolled SB 153                                                                                                         
01 Relating to international airports revenue bonds; and providing for an effective date.                                  
02                           _______________                                                                               
03    * Section 1.  AS 37.15.410 is amended to read:                                                                     
04            Sec. 37.15.410.  Bond authorization.  For the purpose of providing part or all                             
05       of the money to be used, with or without any grants or other money that may become                                
06       available, the issuance and sale of revenue bonds of the state in a total principal sum                           
07       not to exceed $812,500,000 [$524,500,000] is authorized to acquire, equip, construct,                         
08       and install the additions, improvements, extensions, and facilities authorized in                                 
09       AS 37.15.510.  The principal of and interest on these bonds shall be paid out of and                              
10       secured by the gross revenue derived by the state from the ownership, lease, use, and                             
11       operation of the airports, and of all the facilities of them, and out of any other money                          
12       that may be appropriated for the purpose, excepting only proceeds of any customer                                 
13       facility charge set by the commissioner of transportation and public facilities under                             
01       AS 02.15.090.                                                                                                     
02    * Sec. 2.  This Act takes effect immediately under AS 01.10.070(c).