School Debt Bond Reimbursement package passed out of House Education Committee on February 17.

HB 310 extends municipal school debt bond reimbursement until November 30, 2013. It is currently scheduled to sunset in 2010. Under the program the State reimburses municipalities for up to 70% of their payments made during a fiscal year for the cost of new school facilities and major renovation of existing facilities.

The legislation contains debt reimbursement approval for 6 Juneau school projects that were approved by Juneau voters, including Glacier Valley Elementary School Renovation, Thunder Mountain High School, Harborview Elementary School, the Mendenhall Valley pool, Dzantik’i Heeni Middle School Covered Play Area and Gastineau Elementary School renovations.