1983-52 Urging Consistent Funding Of The School construction Debt By The State Of Alaska.1) 1 0 1 n 1 4 5 1
KODIAK ISLAND BOROUGH
RESOLUTION NO. 83 -52 -R
A RESOLUTION OF THE KODIAK ISLAND BOROUGH ASSEMBLY URGING CONSISTENT
FUNDING OF THE SCHOOL CONSTRUCTION DEBT BY THE STATE OF ALASKA.
WHEREAS, the estimates for approved school construction debt reimburse-
ment is now pegged at 95 million dollars, with only 59 million dollars projected
in the FY 84 budget representing about 60 percent of the claims submitted, and
WHEREAS, we are being told that there is not enough money to fully
fund this entitlement, but on the other hand the Senate passed Senate Bill 18,
appropriating 69 million dollars for additional school construction projects,
and
WHEREAS, the State Legislature adopted Chapter 92, SLA 1982 providing
for payment on bonds during the year in which the payment was actually made
rather than two years later thereby creating a doubling of claims, and
WHEREAS, FY 83 entitlements were intentionally underfunded by
13 million dollars necessitating two supplemental requests, and
WHEREAS, municipalities have been urged to bond for school construction
and the Kodiak Island Borough has taken the responsible approach towards school
construction by bonding for school projects, and
WHEREAS, the State of Alaska Legislature has the statutory responsi-
bility to reimburse such general obligation bonds at up to 90 percent over the
life of the bond issue, and
WHEREAS, the State of Alaska agreed with the concept of local rural
high schools and such pressure caused a few municipalities (particularly
Kodiak Island Borough) to bond for rural construction projects when funds
were not appropriated by the state, and
WHEREAS, these rural capital construction needs continue to grow as
local programs develop and gain local support while direct state appropriations
are not forthcoming to meet any but the original construction costs, and
WHEREAS, the Alaska State Legislature has supported educational
programs and facilities as priority needs for the citizens of the state and
encouraged and helped local governments improve and expand opportunities at
a local level, and
WHEREAS, the Kodiak Island Borough considers consistent state
1
ireimbursement a critical element in decisions to proceed with needed school
,construction, and
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WHEREAS, the Kodiak Island Borough is near the maximum bonded
indebtedness allowed with several critical and priority projects yet to be
constructed, and
WHEREAS, the critical needs of the people of the Kodiak Island
Borough cannot be met without consistent state support which does not fluctuate
dramatically year to year, and
WHEREAS, it is the duty of the Alaska State Legislature to serve the
needs of the people and obligate such funds as necessary to fully meet statutory
committments.
NOW, THEREFORE, BE IT RESOLVED that the Kodiak Island Borough Assembly .
requests full and consistent funding for debt retirement of general obligation
bonds for school construction as previously authorized by the Alaska State
Legislature.
BE IT FURTHER RESOLVED that the Alaska State Legislature and Office
of the Governor change their current budget priorities to plan and fund 90
percent reimbursement for approved debt retirement as state law currently
allows.
PASSED AND APPROVED this 5th day of May
KODIAK ISLAND BOROUGH
ATTEST:
!I
Borough C1
Resolution No. 83 - 52 - R
Page 2
, 1983.
B
rough May r