1995-03-24                     House Journal                      Page 0904
HB 282                                                                       
HOUSE BILL NO. 282 by the House Rules Committee by request of                  
the Governor, entitled:                                                        
                                                                               
"An Act relating to the authorization for and the issuance of                 
revenue bonds by the University of Alaska to pay for the costs of              
repair and rehabilitation of buildings and other structures,                   
excluding student housing and dormitories, of the University of                
Alaska; expanding the uses of the Alaska debt retirement fund to               
allow financing of the repair and rehabilitation of University of              
Alaska facilities; and providing for an effective date."                       
                                                                               
was read the first time and referred to the Health, Education & Social         
Services and Finance Committees.                                               
                                                                               
The following fiscal notes apply:                                              
                                                                               
Zero fiscal notes (2), Dept. of Administration, 3/24/95                        
Zero fiscal note, Dept. of Revenue, 3/24/95                                    
Zero fiscal note, University of Alaska, 3/24/95                                
                                                                               
The Governor's transmittal letter, dated March 24, 1995, appears               
below:                                                                         
                                                                               
"Dear Speaker Phillips:                                                        
                                                                               
Under the authority of art. III, sec. 18, of the Alaska Constitution, I am     
transmitting a bill authorizing the University of Alaska (university) to       
issue $45,000,0000 in revenue bonds for building maintenance projects          
at various campuses of the university.                                         
                                                                               
Meeting the long-deferred repair and rehabilitation needs of the               
university is a priority of my Administration.  It is my intent to work        
closely with the legislature during the remainder of this session and          
next session to identify other funding sources to meet those needs.  If,       
however, we are not able to provide $20,000,000 in capital                     
appropriations or other forms of bond authorizations for these purposes        
through a bill enacted into law by July1, 1996, this bill will authorize       
the university to issue revenue bonds to begin addressing the problem.         
The bill's amendment of AS37.15.011 is intended to allow for                   
repayment of the debt service to be made from annual legislative               
appropriations from the Alaska debt retirement fund if necessary.              

1995-03-24                     House Journal                      Page 0905
HB 282                                                                       
I urge your early and favorable consideration of this bill.                    
                                                                               
							Sincerely,                                                              
							/s/                                                                     
							Tony Knowles                                                            
							Governor"