SB 46 Summary

• Authorizes the Alaska Municipal Bond Bank Authority to issue bonds or notes for regional health organizations and joint action agencies, expanding its lending authority beyond municipalities and the University of Alaska

• Establishes limitations on regional health organization financing: the bond bank authority may finance no more than 49 percent of a project, remaining costs must be secured before financing is provided, and bonds or notes cannot exceed $102,500,000 for a single project

• Sets a cap of $205,000,000 at any one time for bonds or notes issued for loans to regional health organizations, excluding bonds or notes issued to fund or refund existing bonds or notes

• Requires the commissioner of health and social services to anticipate a state financial benefit and increase in regional quality of care before assistance is provided to regional health organizations

• Takes effect immediately upon enactment