The bill proposes supplemental and capital appropriations for various state agencies in Alaska for the fiscal year 2024-2025, detailing allocations for departments such as Commerce, Corrections, Education, and Health. Key amendments include an increase in federal receipts for rental relief and housing programs from $127 million to $131 million, with an extended appropriation period to June 30, 2026. The bill also allocates funds for initiatives like a marketing plan for the Alaska seafood marketing institute and public health responses to COVID-19, while providing $100,000 for the planning and construction of the Fairbanks Veterans Cemetery. The total budget outlined is approximately $390 million for operating expenditures and $77 million for capital projects.

Additionally, the bill addresses debt service payments for outstanding State of Alaska general obligation bonds, with reduced estimated amounts for certain bonds and new appropriations for 2024 bonds. It appropriates $29 million to the disaster relief fund and $13.1 million to the fire suppression fund, while also including provisions for the lapse of appropriations for capital projects. Notably, a previous provision related to arbitrage rebate payments has been deleted, and the bill establishes a contingency for the Supplemental Nutrition Assistance Program, contingent upon federal notification. The act is set to take effect immediately, with specific sections having designated effective dates.

Statutes affected:
HB0056B, AM CSHB 56(FIN), introduced 04/02/2025: 37.25.020, 37.05.146
HB0056C, AM CSHB 56(FIN) am(brf sup maj fld), introduced 04/03/2025, passed House 04/03/2025: 37.25.020, 37.05.146