HB 528: "An Act relating to programs of state reimbursement for debt payments for certain capital projects; and providing for an effective date."
00 HOUSE BILL NO. 528 01 "An Act relating to programs of state reimbursement for debt payments for certain 02 capital projects; and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 14.11.100(o) is amended to read: 05 (o) The total amount of school construction projects approved for 06 reimbursement by the department under (a)(10) of this section 07 (1) may not exceed $190,644,901 [$180,064,912]; and 08 (2) after June 30, 1998, and until July 1, 2004, shall be allocated as 09 follows: 10 (A) $77,897,000 to projects in a municipality with a public 11 school enrollment of 25,000 or more students in fiscal year 2000, as 12 determined under AS 14.17.500; 13 (B) $14,571,000 to projects in a municipality with a public 14 school enrollment of at least 15,000 but less than 25,000 students in fiscal year
01 2000, as determined under AS 14.17.500; 02 (C) $14,143,000 to projects in a municipality with a public 03 school enrollment of at least 10,000 but less than 15,000 students in fiscal year 04 2000, as determined under AS 14.17.500; 05 (D) $7,429,000 to projects in a municipality with a public 06 school enrollment of at least 7,500 but less than 10,000 students in fiscal year 07 2000, as determined under AS 14.17.500; 08 (E) $20,712,912 to projects in a municipality with a public 09 school enrollment of at least 5,000 but less than 7,500 students in fiscal year 10 2000, as determined under AS 14.17.500; 11 (F) $2,660,000 to projects in a municipality with a public 12 school enrollment of at least 2,750 but less than 3,000 students in fiscal year 13 2000, as determined under AS 14.17.500; 14 (G) $454,000 to projects in a municipality with a public school 15 enrollment of at least 2,400 but less than 2,750 students in fiscal year 2000, as 16 determined under AS 14.17.500; 17 (H) $43,695,992 [$36,290,000] to projects in a municipality 18 with a public school enrollment of at least 2,050 but less than 2,400 students in 19 fiscal year 2000, as determined under AS 14.17.500; 20 (I) $329,000 to projects in a municipality with a public school 21 enrollment of at least 1,700 but less than 1,750 students in fiscal year 2000, as 22 determined under AS 14.17.500; 23 (J) $286,000 to projects in a municipality with a public school 24 enrollment of at least 650 but less than 725 students in fiscal year 2000, as 25 determined under AS 14.17.500; 26 (K) $519,000 to projects in a municipality with a public school 27 enrollment of at least 500 but less than 525 students in fiscal year 2000, as 28 determined under AS 14.17.500; 29 (L) $2,224,000 to projects in a municipality with a public 30 school enrollment of at least 425 but less than 482 students in fiscal year 2000, 31 as determined under AS 14.17.500;
01 (M) $2,550,000 to projects in a municipality with a public 02 school enrollment of at least 290 but less than 305 students in fiscal year 2000, 03 as determined under AS 14.17.500. 04 * Sec. 2. AS 29.60.700 is amended to read: 05 Sec. 29.60.700. Reimbursement for costs of ports and harbors. (a) Subject 06 to appropriations for the purpose, during each fiscal year, the Department of 07 Transportation and Public Facilities shall allocate to each municipality an amount to 08 reimburse the costs paid by the municipality during the fiscal year two years earlier for 09 the [RETIREMENT OF] principal and interest on outstanding debt [GENERAL 10 OBLIGATION BONDS] for projects listed in (b) of this section. An allocation may 11 be made to a municipality only if 12 (1) the debt was incurred by the municipality [GENERAL 13 OBLIGATION BONDS WERE ISSUED AFTER JULY 1, 2000, AND] before July 1, 14 2005 [2003]; and 15 (2) the port or harbor facility financed with the debt [BOND] proceeds 16 is located in the municipality and the facility is owned and operated by the 17 municipality [; 18 (3) OWNERSHIP OF THE PORT OR HARBOR FACILITY 19 FINANCED WITH THE BOND PROCEEDS HAS BEEN TRANSFERRED FROM 20 THE STATE TO THE MUNICIPALITY BY A TRANSFER AGREEMENT UNDER 21 AS 35.10.120; AND 22 (4) THE STATE HAS COMPLETED A BILL OF SALE 23 TRANSFERRING THE PORT OR HARBOR FACILITY FROM THE STATE TO 24 THE MUNICIPALITY]. 25 (b) The Department of Transportation and Public Facilities may make an 26 allocation to a municipality under (a) of this section only for reimbursement of costs 27 incurred for the following port and harbor facility construction and renovation projects 28 and only for reimbursement of total project costs incurred up to the following 29 amounts: 30 PROJECT 31 [KETCHIKAN $ 7,000,000
01 PETERSBURG 3,300,000 02 SITKA 4,038,900 03 KLAWOCK 860,000 04 SELDOVIA 2,500,000 05 WHITTIER 1,835,600] 06 Valdez 3,013,500 07 [CORDOVA 4,337,800] 08 Nome 1,000,000 09 Anchorage (Port of Anchorage expansion) 3,000,000 10 Unalaska (LSA small boat harbor) 5,000,000 11 Akutan (small boat harbor) 4,000,000 12 Chignik (small boat harbor) 1,000,000 13 False Pass (small boat harbor) 2,000,000 14 * Sec. 3. AS 42.45 is amended by adding a new section to article 1 to read: 15 Sec. 42.45.065. Reimbursement for costs of power projects. (a) Subject to 16 appropriations for the purpose, during each fiscal year, the authority shall allocate to 17 each entity listed in (b) of this section an amount to reimburse the cost paid by the 18 entity during the fiscal year two years earlier for the principal and interest on 19 outstanding debt for the projects listed. An allocation may be made to an entity only if 20 (1) the debt was incurred before July 1, 2005; and 21 (2) the power project financed with the debt proceeds is owned and 22 operated by the entity. 23 (b) The authority may make an allocation to an entity under (a) of this section 24 only for reimbursement of costs incurred for construction and renovation of the 25 following power projects and only for reimbursement of total project costs incurred up 26 to the following amounts: 27 PROJECT 28 Kodiak Electric Association, Inc. (Nyman Combined $ 6,000,000 29 Cycle Cogeneration Plant) 30 Cordova Electric Cooperative (Power Creek 12,000,000 31 Hydropower Project)
01 Copper Valley Electric Association, Inc., Valdez 10,000,000 02 (Cogeneration Project) 03 The Four Dam Pool Power Agency (Southeast Intertie, 20,000,000 04 Swan Lake to Tyee Lake) 05 * Sec. 4. This Act takes effect July 1, 2002.