Enrolled SB 153: Relating to international airports revenue bonds; and providing for an effective date.
00Enrolled SB 153 01 Relating to international airports revenue bonds; and providing for an effective date. 02 _______________ 03 * Section 1. AS 37.15.410 is amended to read: 04 Sec. 37.15.410. Bond authorization. For the purpose of providing part or all 05 of the money to be used, with or without any grants or other money that may become 06 available, the issuance and sale of revenue bonds of the state in a total principal sum 07 not to exceed $812,500,000 [$524,500,000] is authorized to acquire, equip, construct, 08 and install the additions, improvements, extensions, and facilities authorized in 09 AS 37.15.510. The principal of and interest on these bonds shall be paid out of and 10 secured by the gross revenue derived by the state from the ownership, lease, use, and 11 operation of the airports, and of all the facilities of them, and out of any other money 12 that may be appropriated for the purpose, excepting only proceeds of any customer 13 facility charge set by the commissioner of transportation and public facilities under