What will be the state reimbursement for these bonds?

The state’s current debt reimbursement program expires in November 2010 with no assurance of extension. Through this program, the state has approved 60 percent reimbursement for renewal of Service High School and completion of Girdwood K-8 School’s design. The districtwide building renewal projects and the Eagle River High School water and sewer extension project are approved for 70 percent reimbursement from the state. Districtwide site acquisition is not eligible for debt reimbursement at this time. You can find out more about the State of Alaska’s funding program for school construction at www.eed.state.ak.us/facilities/facilitiespl.html.