AK SB74

Authorizes issuance of general obligation bonds in the principal amount of not more than $303,797,585 for state infrastructure projects, subject to voter ratification.

Establishes the "2021 state infrastructure project fund" to receive bond sale proceeds and distribute $303.8 million across eight state departments and the University of Alaska for specific infrastructure projects.

Allocates funds by department: Education and Early Development ($41.9M), Transportation and Public Facilities ($145.2M), University of Alaska ($29.9M), Health and Social Services ($23.6M), Natural Resources ($24.7M), Labor and Workforce Development ($19.5M), Military and Veterans' Affairs ($14.0M), and Public Safety ($3.4M).

Authorizes $1.5 million from bond proceeds for the state bond committee to pay expenses incident to the bond sale and issuance.

Requires a statewide special election to be held 90-120 days after adjournment of the legislature for voters to approve the bond issuance; takes effect immediately.