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The Nome Nugget
Nome, Nome County, Alaska
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Alaska Governor Egan signed legislation on Saturday placing six general obligation bonding programs totaling $29.5 million on the November ballot, plus a seventh bill for capitol improvements authority. He noted their essential role in state needs and development, with 30-year terms at max 6% interest, bringing enacted laws to 175 this year.
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JUNEAU, (AP) -- Governor Egan Saturday signed into law legislation that will put six proposed general obligation bonding programs totaling 29 1/2 million dollars before the voters of Alaska in the November general election.
A seventh companion bill also was approved by the Governor, setting out the authority and limits within which the state may act to provide bonding for capitol improvements.
In a message to the adjourned Legislature commenting on his approval of the bonding proposals, the Governor said some of the programs were essential in terms of both present needs and future development. Others he described as necessary for meeting day to day obligations of the state government.
The bonding bills provide for 30-year retirement at a maximum six per cent interest.
The Governor's approval of the seven bills raised to 175 the number of laws enacted so far this year.
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Domestic News Details
Primary Location
Juneau, Alaska
Event Date
Saturday
Key Persons
Outcome
six bonding programs totaling 29 1/2 million dollars to appear on november ballot; seventh bill approved for capitol improvements; total laws enacted this year raised to 175
Event Details
Governor Egan signed legislation placing six general obligation bonding programs before Alaska voters in November general election; approved seventh bill for state bonding authority and limits for capitol improvements; commented on essential needs and development; 30-year retirement at maximum six per cent interest