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 calculation of state aid for school districts. The bill specifies that public school funding will consist of state aid, local contributions, and federal impact aid, with the state aid amount determined by a formula that considers the district's adjusted Average Daily Membership (ADM) relative to the total adjusted ADMs of all districts. Additionally, the bill introduces new provisions for calculating basic need and state aid distribution, particularly in cases of school consolidation and enrollment fluctuations.

Significant deletions from the current law include the removal of specific calculations related to the base student allocation and the public education fund, which are replaced with more streamlined language. The bill also mandates that the governor adjust public school education appropriations for inflation and report these adjustments to the legislature. The effective date for these changes is set for July 1, 2025, and the bill repeals several existing statutes related to education funding, indicating a comprehensive overhaul of the funding framework for Alaska's public schools.

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