Legislature(2003 - 2004)
2004-01-28 House Journal
Full Journal pdf2004-01-28 House Journal Page 2412 HB 401 HOUSE BILL NO. 401 by the House Rules Committee by request of the Governor, entitled: "An Act authorizing and relating to the issuance of bonds by the Alaska Housing Finance Corporation for safe and clean water and hygienic sewage disposal facility capital projects and other capital projects; providing for the repayment of the bonds and bond costs; relating to the dividend paid to the state by the Alaska Housing Finance Corporation; and providing for an effective date." was read the first time and referred to the Community & Regional Affairs and Finance Committees. The following fiscal note(s) apply: 1. Zero, Dept. of Revenue The Governor's transmittal letter dated January 22, 2004, follows: "Dear Speaker Kott: Under the authority of article III, section 18, of the Alaska Constitution, I am transmitting a bill to provide financing for water and sewer projects. This bill would allow direct financing of projects and provide matching funds required by federal grant programs to build the projects. Funds would come from bonds issued by the Alaska Housing Finance Corporation (AHFC). Repayment of costs of the bonds by AHFC (including principal and interest), would be offset by a reduction in AHFC's dividend to the state. The technical and financial support delivered by this bill to Alaska communities will allow them to benefit from the improvement in 2004-01-28 House Journal Page 2413 public health, economic development, and quality of life that follows when adequate water and sewer facilities are built. I urge your prompt and favorable action on this measure. Sincerely yours, /s/ Frank H. Murkowski Governor"