Alaska Supreme Court rules bonding plan is unconstitutional

    JUNEAU, Alaska (AP) — The Alaska Supreme Court has rejected as unconstitutional former Gov. Bill Walker’s proposal to use bonding to pay Alaska’s oil and gas tax credit obligations.

    The court, in a written ruling released Friday, said the plan, approved by the Legislature in 2018, is “unconstitutional in its entirety.”

    The bill passed by lawmakers approved the creation of a new state corporation that would be empowered to sell up to $1 billion in bonds to pay off remaining tax credit obligations.

    The Legislature previously voted to end the tax credit program geared toward small producers and developers, arguing the program had become unaffordable.

    More from News of the North

    Events

    • USDA Seafood Trade Relief Program

      The US Department of Agriculture Seafood Trade Relief Program has set aside $530 million for commercial fishermen hurt by the US – China trade war. Applicants can receive up to $250,000. This is a great opportunity for eligible fishermen and is especially timely given the additional fallout from COVID-19. US commercial fishermen who have a valid federal or state license or permit to catch seafood who bring their catch to shore and sell or transfer them to another party. that other party must be a legally permitted or licensed seafood dealer. alternatively, the catch can be processed at sea and sold by the same legally permitted entity that harvested or processed the product. Sign up is now through December 14th 2020, applications and additional information is available at farmers.gov/seafood.

      at None
    • Wearable Art Show

      The Wearable Art Show, originally scheduled for Sept. 19th has been postponed until Feb, 27th. Those wanting to join the planning committee or having questions can contact Bobbi Jordan at thinkart-thinksitka.com or check out their website and FB page…..sitkaartscouncil.org.

      at None
    • Read Harder Challenge

      Sitka Public Library offers printed lists of the Read Harder Challenge for teens and adults, an annual reading journey organized by Book Riot. The 24-task challenge, designed to help readers break out of their reading bubble and expand their worldview through books, runs for the year and participants can join at any time. For more information call Maite at 747- 4022.

      at None