AK HB329

Authorizes issuance of general obligation bonds in the principal amount of not more than $290,000,000 for Port of Anchorage construction and rehabilitation for United States Department of Defense strategically designated port facilities, subject to voter ratification.

Establishes a special fund called the "Port of Anchorage construction and rehabilitation fund" to receive bond sale proceeds (excluding accrued interest and premiums), which are then appropriated to the Municipality of Anchorage.

Appropriates $1,450,000 from the general fund to the state bond committee for expenses related to bond sale and issuance, with reimbursement from bond proceeds.

Requires reimbursement to the public facility planning fund for any amounts previously withdrawn for advance planning of the capital improvements.

Submits the bond question to qualified voters at the next general election, with unexpended appropriation balances directed to the bond committee for bond redemption.