Governor Submits Veterans
Loan Legislation
January 14, 2010
Thursday
Governor Sean Parnell transmitted legislation this week to renew
the Veterans Mortgage Loan program. If passed by the Legislature,
voters in the 2010 general election would be asked to approve
$800 million of state-guaranteed bonds. The bonds would be issued
by the Alaska Housing Finance Corporation for the purchase of
mortgage loans made to qualifying military veterans.
Alaska is home to 75,000 veterans. The loan program is designed
to provide the lowest possible interest rates without imposing
income criteria for eligibility.
When veterans bonds were last placed on the general election
ballot, in 2002, voters approved them by more than 70 percent.
On the Web:
Download a copy of the bill
and transmittal letter
http://www.gov.state.ak.us/pdf/VeteransLoanLetter_Jan8-2010.pdf
Source of News:
Office of the Governor
www.gov.state.ak.us
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