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 introduction of new language that specifies the calculation of state aid based on the amount appropriated by the legislature and the district's adjusted Average Daily Membership (ADM). The bill also establishes new methods for calculating basic need and state aid for school districts, particularly in cases of enrollment changes due to school closures or consolidations. Additionally, it modifies the requirements for local contributions and the funding mechanisms for correspondence study programs and state boarding schools.

Significant deletions from current law include the removal of specific references to the public education fund and the base student allocation calculations, which are replaced with broader language regarding appropriations and funding. The bill also repeals several sections related to previous funding structures, indicating a shift towards a more streamlined approach to education funding in Alaska. The effective date for these changes is set for 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