Alaska Has $17 Billion in The Pipeline

Finestone, Deborah
June 2003
Bond Buyer;6/16/2003, Vol. 344 Issue 31657, p1
Trade Publication
Alaska governor Frank Murkowski has signed a law legislation allowing Alaska Railroad Corp. to issue up to $17 billion in revenue bonds that could be tax-exempt under a special exception to the federal tax code. The bill stipulates that revenues generated by the pipeline would secure the bonds and estimates it could issue up to $14.26 billion as early as fiscal 2006. The state Natural Gas Authority will develop a plan for the state to construct, own and operate a gas pipeline.


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