2021-02-05                     Senate Journal                      Page 0159
SB 74                                                                                                                         
SENATE BILL NO. 74 BY THE SENATE 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, communications, major maintenance,                                                                      
          public safety, and transportation projects; and                                                                       
          providing for an effective date."                                                                                     
                                                                                                                                
was read the first time and referred to the Transportation and Finance                                                          
Committees.                                                                                                                     
                                                                                                                                
The following fiscal information was published today:                                                                           
 Fiscal Note No. 1, Office of the Governor                                                                                      
 Fiscal Note No. 2, Department of Revenue                                                                                       
                                                                                                                                
Governor's transmittal letter dated February 4:                                                                                 
                                                                                                                                
Dear President Micciche:                                                                                                        
                                                                                                                                
Under the authority of Article III, Section 18, of the Alaska                                                                   
Constitution, I am transmitting a bill relating to voter approval of                                                            
general obligation bonds in the amount of $356,405,952 for the                                                                  
purpose of funding capital improvement projects. These infrastructure                                                           
projects include critical airport, highway, road, and bridge                                                                    
improvements; school major maintenance; upgrades and repairs of                                                                 
state facilities, and communication systems.                                                                                    
                                                                                                                                
This bill proposes to put the question of issuing these general                                                                 
obligation bonds before qualified voters at a statewide special election                                                        
to be held 90 to 120 days after adjournment of the First Regular                                                                
Session of the Thirty-Second Alaska State Legislature. If ratified,                                                             
these projects will benefit Alaskans statewide by stimulating our                                                               
economy, stabilizing our construction industry, and improving                                                                   
transportation, education, and other critical facilities throughout the                                                         
State.