Senators Joe Paskvan, Dennis Egan, and Gary Stevens during the closeout hearing of the Senate Finance DEED Subcommittee, March 20, 2012
This blog contains highlights from the Alaska Education Update. The update is issued daily during session and contains detailed summaries of education issues under consideration by the Alaska State Legislature. If there is a hearing on a Monday, a report will, with few exceptions, be released by Tuesday morning. There is also a weekly edition of the update. During interim, reports are issued only when there has been action. Interim action may include hearings, bill signings, the release of the Governor's proposed budget for the next fiscal year, and other items that may be of interest to the education community.

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Wednesday, April 7, 2010

HB 424 - G.O. Bonds for Education Projects

HB 424 – G.O. Bonds for Education Projects, By the House Finance Committee

Introduced today, HB 424 provides for the issuance of general obligation bonds in a principal amount of not more than $1,000,000 for the purpose of paying the cost of education projects for public schools and the University of Alaska. The bill specifies that $500,000 will be appropriated to DEED for public school projects, and $500,000 will be appropriated to the University of Alaska for university projects.

During the afternoon portion of today’s House Finance Committee meeting, Chairman Stoltze said that the $1,000,000 in HB 424 is just a place-holder amount, and will not necessarily be the final amount in the bill.

HB 424 was referred to the House Finance Committee, and is scheduled for a hearing on Thursday, April 8 at 9:00 a.m.

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