AK SB166

Authorizes the issuance of up to $391,171,258 in general obligation bonds for state infrastructure projects, contingent on voter approval at the next general election.

Establishes the "2022 state infrastructure project fund" to receive and distribute bond proceeds among specified state departments and projects.

Allocates $172,111,000 to the Department of Commerce, Community, and Economic Development for port and transportation projects in communities including Anchorage, Craig, Nome, and Wasilla.

Appropriates remaining bond funds to education facilities ($58.9 million), University of Alaska projects ($79 million), Department of Transportation facilities ($56.7 million), and smaller allocations to health, labor, and public safety departments.

Pledges the full faith, credit, and resources of the state to repay bond principal and interest, with unexpended balances from appropriations directed to bond redemption.