SCS CSHB 528(FIN): "An Act relating to programs of state reimbursement for debt payments for certain capital projects; and providing for an effective date."
00 SENATE CS FOR CS FOR HOUSE BILL NO. 528(FIN) 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) $46,869,989 [$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 14.40 is amended by adding a new section to read: 05 Sec. 14.40.257. Reimbursement for costs of capital projects. (a) Subject to 06 appropriations for the purpose, during each fiscal year, the legislature may appropriate 07 an amount to reimburse the University of Alaska for the cost to be paid by the 08 university during that same fiscal year for the principal and interest on outstanding 09 debt for the project listed in (b) of this section. 10 (b) An appropriation under this section may be used only for reimbursement 11 of costs incurred for acquisition, construction, and renovation of the following projects 12 and only for reimbursement of total project costs incurred up to the following 13 amounts: 14 PROJECT 15 University of Alaska, Anchorage Community and Technical $14,000,000 16 College Center 17 Juneau Readiness Center/UAS Joint Facility (Juneau) 5,470,000 18 (c) The University of Alaska is authorized to incur debt for the projects listed 19 under (b) of this section. AS 14.40.253 does not apply to the projects listed in (b) of 20 this section or to obligations incurred by the university to finance those projects. 21 * Sec. 3. AS 29.60.700 is amended to read: 22 Sec. 29.60.700. Reimbursement for costs of municipal capital projects 23 [PORTS AND HARBORS]. (a) Subject to appropriations for the purpose, during 24 each fiscal year, the Department of Transportation and Public Facilities shall allocate 25 to each municipality an amount to reimburse the costs paid by the municipality during 26 the fiscal year two years earlier for the [RETIREMENT OF] principal and interest on 27 outstanding debt [GENERAL OBLIGATION BONDS] for projects listed in (b) of 28 this section. An allocation may be made to a municipality only if 29 (1) the debt was incurred by the municipality [GENERAL 30 OBLIGATION BONDS WERE ISSUED AFTER JULY 1, 2000, AND] before July 1, 31 2007 [2003]; and
01 (2) the project or [PORT OR HARBOR] facility financed with the 02 debt [BOND] proceeds is located in the municipality and the project or facility is 03 [OWNED AND] operated or controlled by the municipality [; 04 (3) OWNERSHIP OF THE PORT OR HARBOR FACILITY 05 FINANCED WITH THE BOND PROCEEDS HAS BEEN TRANSFERRED FROM 06 THE STATE TO THE MUNICIPALITY BY A TRANSFER AGREEMENT UNDER 07 AS 35.10.120; AND 08 (4) THE STATE HAS COMPLETED A BILL OF SALE 09 TRANSFERRING THE PORT OR HARBOR FACILITY FROM THE STATE TO 10 THE MUNICIPALITY]. 11 (b) The Department of Transportation and Public Facilities may make an 12 allocation to a municipality under (a) of this section only for reimbursement of costs 13 incurred for the following [PORT AND HARBOR FACILITY] construction and 14 renovation projects and only for reimbursement of total project costs incurred up to the 15 following amounts: 16 PROJECT 17 [KETCHIKAN $ 7,000,000 18 PETERSBURG 3,300,000 19 SITKA 4,038,900 20 KLAWOCK 860,000 21 SELDOVIA 2,500,000 22 WHITTIER 1,835,600] 23 Valdez 3,013,500 24 [CORDOVA 4,337,800] 25 Nome 1,000,000 26 Anchorage (Port of Anchorage expansion) 15,000,000 27 Matanuska-Susitna Borough (deep water port 10,000,000 28 and road upgrade) 29 Unalaska (LSA small boat harbor) 5,000,000 30 Aleutians East Borough/Akutan 4,000,000 31 (small boat harbor)
01 Lake and Peninsula Borough/Chignik (dock project) 1,000,000 02 Aleutians East Borough/False Pass (small boat harbor) 2,000,000 03 Fairbanks North Star Borough (Eielson AFB schools, 4,500,000 04 major maintenance and upgrades) 05 City of Fairbanks (fire headquarters station replacement) 7,500,000 06 Saxman (public safety building) 1,500,000 07 * Sec. 4. AS 42.45 is amended by adding a new section to article 1 to read: 08 Sec. 42.45.065. Reimbursement for costs of power projects. (a) Subject to 09 appropriations for the purpose, during each fiscal year, the authority shall allocate to 10 each entity listed in (b) of this section an amount to reimburse the cost paid by the 11 entity during the immediately preceding fiscal year for the principal and interest on 12 outstanding debt for the project listed. An allocation may be made to an entity only if 13 (1) the debt was incurred before July 1, 2005; and 14 (2) the power project financed with the debt proceeds is owned and 15 operated by the entity. 16 (b) The authority may make an allocation to an entity under (a) of this section 17 only for reimbursement of costs incurred for construction and renovation of the 18 following power projects and only for reimbursement of total project costs incurred up 19 to the following amounts: 20 PROJECT 21 Kodiak Electric Association, Inc. (Nyman Combined $ 6,000,000 22 Cycle Cogeneration Plant) 23 Cordova Electric Cooperative (Power Creek Hydropower 12,000,000 24 Station) 25 Golden Valley Electric Association (Rock Creek line 700,000 26 extension) 27 Copper Valley Electric Association, Inc., Valdez 10,000,000 28 (cogeneration projects) 29 The Four Dam Pool Power Agency (Southeast Intertie, 20,000,000 30 Swan Lake to Tyee Lake) 31 Metlakatla Power and Light (utility plant and capital additions) 3,000,000
01 * Sec. 5. AS 14.11.100(k) is repealed. 02 * Sec. 6. The uncodified law of the State of Alaska is amended by adding a new section to 03 read: 04 TRANSITION. Notwithstanding AS 42.45.065(a), added in sec. 4 of this Act, the 05 allocation made during fiscal year 2003 to each listed entity shall be the amount to reimburse 06 the cost paid by the entity during fiscal years 1999, 2000, 2001, and 2002 for the principal and 07 interest on outstanding debt for the project listed. 08 * Sec. 7. This Act takes effect July 1, 2002.