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Knowles proposes bonding package for office repairs

Posted: Tuesday, January 29, 2002

JUNEAU (AP) -- Gov. Tony Knowles is proposing a $136 million plan to fund repairs on state facilities.

The plan would use certificates of participation, a form of low-interest bond that doesn't require voter approval, to fund the projects over a 15-year period.

It would cost the state $12.8 million annually beginning in the fiscal year that starts July 2003. Interest rate on the bonds would be 4.9 percent, administration officials estimate. The plan would need legislative approval.

Among the major projects:

-- Repairs on adult correctional facilities would cost $25.8 million. An additional $8.8 million would go for work at health clinics and juvenile facilities, including renovating and expanding the Nome youth detention center.

-- Repairs at facilities maintained by the Department of Administration would cost $20.2 million. The state would spend $16.6 million on office buildings, courthouses and highway maintenance stations maintained by the Department of Transportation and Public Facilities.

-- University of Alaska facilities would get $5.5 million in repairs. And that state would spend $2.5 million on improvements at university and state facilities to comply with the Americans with Disabilities Act.

-- Repairs and renovations at state Pioneers' Homes would cost $12.2 million. And $4 million would be the state's share of construction costs for an assisted living facility for veterans.

-- Work on Alaska State Trooper facilities would cost $11.1 million.

Knowles announced the plan Monday at the Juneau Pioneers' Home. He cited a 1998 report by a legislative task force that identified $169 million in needed projects at state-owned facilities.

The University of Alaska has also identified $128 million in work needed at its facilities, Knowles said.



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