SB 36: "An Act relating to international airports revenue bonds; and providing for an effective date."
00 SENATE BILL NO. 36 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).