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image: Rashah McChesney/KTOO

Alaska House passes bonding bill for oil tax credits

JUNEAU, Alaska (AP) — The Alaska House has passed legislation to allow for bonding to pay the state’s remaining oil and gas tax credit obligations.

Gov. Bill Walker’s bill would create a new bond corporation authorized to sell up to $1 billion in bonds to pay off outstanding credits.

It passed the House 23-15, and next goes to the Senate.

Supporters saw it as a way to honor the state’s obligation. Critics cast it as risky.

There were legal questions raised with the bill, but Attorney General Jahna Lindemuth said she saw no constitutional problems.

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