2006-01-18                     Senate Journal                      Page 1930
     "An Act relating to the financing of construction, major                                       
     maintenance, and renovation of facilities for the University                                   
     of Alaska; relating to the financing of construction of a                                      
     correctional facility; authorizing the commissioner of                                         
     revenue to sell the right to receive a portion of the                                          
     anticipated revenue from a tobacco litigation settlement to                                    
     the Northern Tobacco Securitization Corporation, with the                                      
     proceeds of that sale to finance construction, major                                           
     maintenance, and renovation of facilities for the University                                   
     of Alaska and to finance the construction of a correctional                                    
     facility; providing for the establishment of funds for deposit                                 
     of those proceeds; authorizing the issuance of bonds by the                                    
     Northern Tobacco Securitization Corporation for the                                            
     purpose of acquiring the right to receive a portion of                                         
     anticipated revenue from a tobacco litigation settlement;                                      
     and providing for an effective date."                                                          
                                                                                                    
was read the first time and referred to the Finance Committee.                                      
                                                                                                    
The following fiscal information was published today:                                               
 Fiscal Note No. 1, zero, Department of Administration                                              
                                                                                                    
Governor's transmittal letter dated January 17:                                                     
                                                                                                    
Dear President Stevens:                                                                             
                                                                                                    
Under the authority of art. III, sec. 18, of the Alaska Constitution, I am                          
transmitting a bill relating to the financing of construction, major                                
maintenance, and renovation of facilities for the University of Alaska;                             
relating to the financing of construction of a correctional facility;                               
authorizing the commissioner of revenue to sell the right to receive a                              
portion of the anticipated revenue from a tobacco litigation settlement                             
to the Northern Tobacco Securitization Corporation, with the proceeds                               
of that sale to finance construction, major maintenance, and renovation                             
of facilities for the University of Alaska and to finance the                                       
construction of a correctional facility; providing for the establishment                            
of funds for deposit of those proceeds; and authorizing the issuance of                             
bonds by the Northern Tobacco Securitization Corporation for the                                    
purpose of acquiring the right to receive a portion of anticipated                                  
revenue from a tobacco litigation settlement.