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.
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.
