The bill establishes a new matching grant program for museum construction and major expansion within the Department of Commerce, Community, and Economic Development. This program allows eligible museums to apply for grants to fund various projects, including the construction of new facilities, major expansions, and improvements to existing infrastructure. The bill outlines specific criteria for eligibility, including the requirement for applicants to secure matching funds from local government entities and private donors. The department is tasked with creating regulations to govern the application process and grant distribution.

Additionally, the bill amends AS 14.57 by adding a new section that details the parameters of the grant program, including the percentage of total project costs that can be covered by the grant and the definitions of key terms such as "department" and "museum." The act is set to take effect immediately upon passage.

Statutes affected:
SB0110A, AM SB 110, introduced 02/26/2025: