SB 232: "An Act relating to reimbursement of bonds issued for school construction; and providing for an effective date."
00SENATE BILL NO. 232 01 "An Act relating to reimbursement of bonds issued for school construction; and 02 providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 14.11.100(n) is amended to read: 05 (n) The total amount of school construction projects approved for 06 reimbursement by the department under (a)(6) or (7) of this section 07 (1) may not exceed $340,000,000 [$250,000,000]; and 08 (2) until July 1, 1996, shall be allocated as follows: 09 (A) $133,000,000 shall be allocated to projects in a municipality 10 with a population of 200,000 or more people; 11 (B) $67,000,000 shall be allocated to projects in a municipality 12 with a population of at least 60,000, but less than 200,000 people; 13 (C) $50,000,000 shall be allocated to projects in a municipality 14 with less than 60,000 people;
01 (D) $90,000,000 shall be allocated to projects in a 02 municipality without regard to the population of the municipality.