AK HB285

Authorizes issuance of up to $325,175,000 in general obligation bonds for state infrastructure projects, subject to voter ratification at the next general election.

Establishes the 2022 state infrastructure project fund to receive bond proceeds and directs $257,900,000 to the Department of Commerce, Community, and Economic Development for 11 specific projects including the Knik Arm Port Infrastructure ($175,000,000) and Craig Harbor ($8,300,000).

Appropriates $47,000,000 from the fund to the Department of Transportation and Public Facilities for Juneau Access ($25,000,000) and Northern Access Project to University Medical District ($22,000,000).

Allocates $18,650,000 from the 2021 state infrastructure project fund to the University of Alaska for Bartlett and Moore Hall Modernization and Renewal project.

Authorizes $1,625,000 for the state bond committee to cover expenses related to bond sale and issuance, with unexpended balances used to redeem bonds.