AIDEA issued $6 million in conduit tax exempt bonds for improvements to the sewer and water systems owned by Fairbanks Sewer & Water Inc. in the Fairbanks North Star Borough. The water and sewer lines had not undergone any significant upgrades in over 20 years. Improvements will include replacing the pipe lining in 50 to 80 miles of pipe, upgrades to the electrical components at the solid waste plant and installation of an automated meter reading system. First National Bank of Anchorage purchased the bonds.