Update 10/23/10 Just spoke with Rep. Tammy Wilson. Who I have always found to be quick to return my calls and willing to answer my questions. Some clarification and understanding on the bonding issues.
- The State of Alaska is guaranteeing the funds (which particular State funds used for the guarantee she was not certain on).
- She believes the bonds (essentially loans) are on a 30 year pay back plan.
- The terms of interest, etc. on the bonds is not delineated now; it is determined at the time when the bonds go out. Just like with a mortgage or car loan.
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