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 modifies the language regarding funding for correspondence study programs and state boarding schools, emphasizing that funding will be based on the ADM of these programs rather than fixed allocations from the public education fund. It also mandates that the governor adjust public school education appropriations for inflation and report these adjustments to the legislature. Several sections of existing law are repealed, and the bill is set to take effect on July 1, 2025.

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