An Act authorizing the Alaska Housing Finance Corporation to acquire or purchase a building that it occupies for an amount that does not exceed $8,000,000; and providing for an effective date.

This bill authorizes the Alaska Housing Finance Corporation to buy the building it currently occupies at 700 Bragaw Street in Anchorage for up to $8 million. The legislation provides the specific legal approval needed for this purchase and sets the law into effect immediately. It directly impacts the state agency by allowing it to own its office space rather than lease it.