This bill amends various sections of Alaska's school funding laws to establish new eligibility criteria and limitations for municipalities seeking grants for school construction and major maintenance projects. Specifically, it requires school districts to submit a six-year capital improvement plan by July 1 of the fiscal year prior to the funding request, detailing project scopes, budgets, and justifications. Additionally, the bill introduces restrictions on the number of projects for which municipalities can apply for bond debt reimbursement, allowing only one school construction project and a maximum of two major maintenance projects to be submitted, unless they are among the top 20 ranked projects.

Furthermore, the bill repeals a previous provision related to major maintenance for indebtedness authorized by voters and clarifies that the new eligibility criteria will apply to applications for bond debt reimbursement made after July 1, 2025. The amendments aim to streamline the funding process and ensure that municipalities prioritize their most critical school construction and maintenance needs. The effective date for these changes is set for July 1, 2025.

Statutes affected:
HB0042A, AM HB 42, introduced 01/17/2025: 14.11.011, 14.11.005, 14.11.007, 14.11.014, 14.11.013, 14.11.100, 14.11.102