AK SB226

Directs Alaska Housing Finance Corporation to finance the purchase of an office building in Nome from the City of Nome using bond proceeds to provide state agency office space

Authorizes issuance of bonds not to exceed $38,000,000 including purchase costs and bond issuance costs, with a maximum term of 21 years

Directs the commissioner of administration to enter into a lease-purchase agreement subject to annual appropriation, with anticipated annual rental obligation of $2,504,000 and total lease payments of $52,548,000 over the full term

Establishes Section 2 as the required legislative approval for bond financing under AS 18.55.100(d) and Section 3 as required notice and approval for the lease-purchase agreement under AS 36.30.085

Act takes effect immediately upon enactment