2022-01-18                     House Journal                      Page 1671
HB 285                                                                                                                        
HOUSE BILL NO. 285 by the House Rules Committee by request of                                                                   
the Governor, entitled:                                                                                                         
                                                                                                                                
     "An Act providing for and relating to the issuance of general                                                              
     obligation bonds for the purpose of paying the cost of state                                                               
     infrastructure projects, including construction, major maintenance,                                                        
     and port and transportation projects; and providing for an effective                                                       
     date."                                                                                                                     
                                                                                                                                
was read the first time and referred to the Finance Committee.                                                                  
                                                                                                                                
The following fiscal note(s) apply:                                                                                             
                                                                                                                                
1.  Fiscal, Dept. of Revenue                                                                                                    
                                                                                                                                
The Governor's transmittal letter dated January 17 follows:                                                                     
                                                                                                                                
"Dear Speaker Stutes:                                                                                                           
                                                                                                                                
Under the authority of Article III, Section 18, of the Alaska                                                                   
Constitution, I am transmitting a bill relating to voter approval, at an                                                        
election, of general obligation bonds in the amount of $325,175,000                                                             
for the purpose of funding infrastructure-based capital improvement                                                             
projects.                                                                                                                       
                                                                                                                                
These projects include critical airport, highway, road, and bridge                                                              
improvements, and upgrades and repairs for various municipal and                                                                
state facilities.                                                                                                               
                                                                                                                                
This bill poses the question to voters as to whether the State should                                                           
issue general obligation bonds to fund these critical projects. If                                                              
ratified, these projects will benefit Alaskans statewide and improve                                                            
our infrastructure, transportation, education, and recreation throughout                                                        
the State. The question would be submitted to the voters at the next                                                            
statewide general election.                                                                                                     
                                                                                                                                
I urge your prompt and favorable action on this measure.                                                                        
                                                                                                                                
Sincerely,                                                                                                                      
/s/                                                                                                                             
Mike Dunleavy                                                                                                                   
Governor"