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Session: State Capitol, Room 204 Juneau, AK 99801-1182 Phone: (907) 465-3879 Fax: (907) 465-2069 Send E-Mail Interim: 716 W 4th, Suite 320 Anchorage, AK 99501-2133 Phone: (907) 269-0222 Fax: (907) 269-0223 |
Bonds to be Offset by FAA Grant Funds Over Ten Years
For Immediate Release: April 27, 1999
Contact: Representative John Cowdery at (907) 465-3879.
Juneau -- The Alaska House of Representatives Tuesday overwhelmingly approved House Bill 84, which authorizes the sale of $25 million in additional revenue bonds for the Anchorage International Airport terminal redevelopment project. The vote was 38-1.
"Last year, the Legislature authorized financing for the project, but reduced the amount by $25 million in anticipation of receiving approximately that amount in grant money from the Federal Aviation Administration," said Representative John Cowdery (R-Anchorage), Chairman of the House Rules Committee, which introduced HB 84. "This grant money will be coming over a ten-year period. These bonds will provide the necessary cash and allow the project to be completed according to schedule."
HB 84 now moves to the Senate.
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