Alaska Legislature OKs Airport Bonds, $2.3 Billion Budget

Finestone, Deborah
May 2003
Bond Buyer;5/27/2003, Vol. 344 Issue 31643, p5
Trade Publication
This article reports that lawmakers in Alaska authorized a total of $87 million in bonds for airports and industrial development and approved a $2.3 billion budget for fiscal 2004 before closing their legislative session in May 2003. One of the bills approved will allow the Alaska International Airport System to issue an additional $76.6 million in revenue bonds through fiscal 2006 for capital improvements at airports. Lawmakers also authorized the Alaska Railroad Corp. to issue up to $17 billion in tax-exempt revenue bonds to finance 70% of the construction costs of a natural gas pipeline from the North Slope Borough to the lower 48 states.


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