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, limiting them to one school construction project and two major maintenance projects, unless the projects are among the top 20 ranked by the department.

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 ensure that municipalities have adequate planning and maintenance strategies in place while also streamlining the funding process for school construction and maintenance projects.

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