AIDEA Board Approves Conduit Bonds Issuance
ANCHORAGE—The Alaska Industrial Development and Export Authority (AIDEA) Board has unanimously approved a resolution that authorizes AIDEA to issue up to $145,000,000 in conduit revenue bonds to finance a Tanana Chiefs Conference project in various Interior Alaska communities.
Proceeds from the bonds will be lent to Dena’ Nena’ Henash d/b/a Tanana Chiefs Conference to provide funds to pay all or a portion of the costs for acquisition, expansion, renovation, furnishing, and equipping at the Chief Andrew Isaac Health Center in Fairbanks. Funds may also be used for the acquisition, construction, expansion, furnishing, and equipping of health care facilities in Tok, Manley Hot Springs, Evansville, and Northway.
The bonds to be issued are conduit revenue bonds. Neither AIDEA’s credit or resources nor the state’s is at risk in connection with these bonds.
AIDEA has issued over $1.5 billion in bonds since its inception to fund more than 300 projects throughout the state.
Current Issue
June 2023
This year the Alaska Railroad is celebrating 100 years of transportation people and cargo around Alaska. While the railroad is one of the states oldest transporters, it certainly isn’t the only one, and in this issue of Alaska Business we also check in on the Marine Highway, Span Alaska, and the White Pass & Yukon Route. For those interested in Southeast, our focus on that region provides updates on Kensington Mine, Tongass FCU, the troll fishery, and Juneau’s growing landfill.