00                             HOUSE BILL NO. 64                                                                          
01 "An Act relating to international airports revenue bonds; and providing for an effective                                
02 date."                                                                                                                  
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 37.15.410 is amended to read:                                                                     
05            Sec. 37.15.410.  Bond authorization.  For the purpose of providing part or all                             
06       of the money to be used, with or without any grants or other money that may become                                
07       available, the issuance and sale of revenue bonds of the state in a total principal sum                           
08       not to exceed $452,900,000 [$305,000,000] is authorized to acquire, equip, construct,                         
09       and install the additions, improvements, extensions, and facilities authorized in                                 
10       AS 37.15.510.  The principal of and interest on these bonds shall be paid out of and                              
11       secured by the gross revenue derived by the state from the ownership, lease, use, and                             
12       operation of the airports, and of all the facilities of them, and out of any other money                          
13       that may be appropriated for the purpose.                                                                         
14    * Sec. 2.  This Act takes effect immediately under AS 01.10.070(c).