The bill amends various sections of Alaska's education funding laws, primarily focusing on the public education fund and the base student allocation. Key changes include the replacement of references to AS 14.17.400 with AS 14.17.410, which outlines the distribution of state aid to school districts. The bill specifies that public school funding will consist of state aid, required local contributions, and eligible federal impact aid, with the calculation of a district's basic need being adjusted accordingly. Additionally, the bill introduces new provisions for calculating state aid based on the adjusted Average Daily Membership (ADM) of districts and includes measures for districts experiencing enrollment decreases or school consolidations.

Furthermore, the bill repeals several existing sections related to education funding, including AS 14.17.300 and AS 14.17.400, and establishes new guidelines for funding correspondence study programs and state boarding schools. It mandates that the governor adjust public school education appropriations for inflation and report these adjustments to the legislature. The effective date for the bill is set for July 1, 2025, and it applies to contracts that become legally binding after this date.

Statutes affected:
SB0046A, AM SB 46, introduced 01/17/2025: 14.03.150, 14.17.410, 14.17.400, 14.17.470, 14.17.450, 14.17.460, 14.17.420, 14.17.430, 14.17.510, 29.45.110, 14.17.440, 14.16.010, 14.17.500, 14.17.610, 14.17.900, 37.07.020
SB0046B, AM SSSB 46, introduced 02/28/2025: 14.03.150, 14.17.410, 14.17.400, 14.17.470, 14.17.450, 14.17.460, 14.17.420, 14.17.430, 14.17.510, 29.45.110, 14.17.440, 14.16.010, 14.17.500, 14.17.610, 14.17.900, 37.07.020, 14.17.300, 37.05.565, 14.17.480, 14.17.490