AK HB143

Alaska Industrial Development and Export Authority may issue revenue bonds to finance infrastructure and construction costs of the Sweetheart Lake hydroelectric project.

Maximum principal amount of bonds authorized is $120,000,000, which may include reasonable bond issuance costs.

Bonds are payable exclusively from project revenue and do not constitute a general obligation of the state or authority.

Authorized bonds are excluded from calculating the authority's 12-month bonding limitation under AS 44.88.095(a).

Authorization expires and this Act is repealed June 30, 2020.