AK SB80

Increases the Knik Arm Bridge and Toll Authority's bonding authority from $500,000,000 to $600,000,000, plus the cost of issuance.

Requires the authority to submit bond issues to the state bond committee for approval before issuance, ensuring adequate revenue or partnership arrangements to cover principal and interest payments.

Establishes the Knik Arm Crossing fund as a separate fund in the general fund, consisting of appropriated money, gifts, federal funds, and investments managed by the Department of Revenue to support the authority's reserve fund requirements.

Allows the authority to enter into public-private partnerships with monetary obligations treated as state obligations subject to legislative appropriation for payment from non-authority funds.

Clarifies tax exemptions for authority property while exempting private parties' interests in property necessary to operate authority facilities, with exceptions for property serving unrelated business purposes.