(a) Subject to appropriations for the purpose, during each fiscal year, the legislature may appropriate an amount to reimburse the University of Alaska for the cost to be paid by the university during that same fiscal year for the principal and interest on outstanding debt for the projects listed in (b) of this section.
(b) An appropriation under this section may be used only for reimbursement of costs incurred for acquisition, construction, and renovation of the following projects and only for reimbursement of total project costs incurred up to the following amounts:
PROJECT
University of Alaska, Anchorage Community and Technical
College Center $14,000,000
Juneau Readiness Center/UAS Joint Facility (Juneau) 5,470,000
(c) The University of Alaska is authorized to incur debt for the projects listed under (b) of this section. AS 14.40.253 does not apply to the projects listed in (b) of this section or to obligations incurred by the university to finance those projects.
Section: Previous 14.40.250 14.40.251 14.40.253 14.40.254 14.40.255 14.40.257 14.40.260 14.40.270 14.40.280 14.40.282 14.40.290 14.40.291 14.40.295 14.40.296 14.40.300 NextLast modified: November 15, 2016