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.
(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)