|
On December 22, 2008, the MSB successfully marketed $243 million in revenue bonds to fund the GCCC project. It's one of the largest bond sales in our state's history. The bond sale was challenging due to the international financial crisis. The sale is a testament to the professionalism and teamwork of the MSB, State of Alaska financial leaders, and everyone involved in the effort. The full sale was completed on January 7, 2009. The state will repay the revenue bonds through semi-annual lease payments over 25 years. Borough taxpayers are not paying for the project.
|
