Senate Finance Committee Co-Chair Sen. Bert Stedman, R-Sitka, listens to testimony from Alaska Department of Transportation and Public Facilities Commissioner Ryan Anderson on Feb. 28, 2024.
As far as when the timing is, it’s just the way the structure is. The effect of the appropriation is when the governor signs it, and that takes effect July 1. I recognize the timing issue of, that superintendents have, notification due to their contracts with their employees, but that just comes with the territory. There’s little likelihood that that’s going to change.
Say the university has some land and they want to do a subdivision. Say it costs $2 million to put the road, water, and power in. And they won’t do it because they’re not gonna make any money, because the cost of putting the utilities in consumes all your sales of your land. So they can go to Alaska Housing and say they get a million dollars from Alaska housing, now they only have a million dollars invested in the subdivision.