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.
