JUNEAU (AP) -- Gov. Tony Knowles wants the public to approve a $500 million bond sale to continue a veterans mortgage program.
The proposal was one of three veterans bills Knowles announced in a news conference Tuesday.
The bond bill would finance veterans' mortgages through the Alaska Housing Finance Corp. If approved by legislators and voters, the bonds would be sold over a period of years, said Knowles' spokesman Bob King.
The debt would be repaid by mortgage payments, not state funds. The program is not new, King said. The public has approved bond sales for it before.
While proclaiming 2002 the Year of the Veteran, Knowles also introduced two other veterans bills Tuesday.
One would establish an Alaska Veterans Memorial Endowment with $125,000 in state money. That would match private contributions.
The other bill would name a bridge over the Knik River on the Glenn Highway after a Congressional Medal of Honor recipient, Sgt. James Bondsteel. Bondsteel was killed in an accident on that bridge in 1987.
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