HB127 permits the Alaska Municipal Bond Bank Authority to issue up to $1 billion in loans to the University of Alaska and regional health organizations.
The Senate passed HB127 on May 17, 2022, by a vote of 16 to 1. We have assigned minuses to the yeas because municipal bonds are tools of state-sanctioned public debt, which immorally and unconstitutionally coerce future taxpayers to subsidize various projects conceived outside the limited purpose and scope of local government. Alaska ought not to disparage its citizens of their property rights or income.