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Senate Finance Advances Budget Bill

Published On: Apr 09 2014 08:35:00 PM AKDT
JUNEAU -

The Senate Finance Committee has advanced a $2.1 billion capital budget.

Perhaps the biggest change compared with the draft unveiled earlier this week was $245 million for a new heat and power plant at the University of Alaska Fairbanks campus. That figure includes $157.5 million in anticipated bond revenue. The committee advanced a separate bill increasing the borrowing limit of the Alaska Municipal Bond Bank Authority as part of that overall package.

The committee also amended the capital budget to provide $2.1 million as a match provided that the federal government provides funding for - and the U.S. Interior Secretary reverses her decision on - a road linking King Cove and an all-weather airport at Cold Bay.

No new money was provided for the Susitna dam project, despite administration requests.