This bill amends various sections of Alaska's education law to enhance the funding mechanisms for local school districts, with a particular focus on charter schools and local contributions. It specifies that local school boards must provide charter schools with an annual program budget based on the amount generated by enrolled students, while excluding certain administrative costs. The bill removes the requirement for local contributions to be a fixed percentage of a district's basic need, allowing for greater flexibility in determining these contributions. Additionally, it mandates that state aid for charter school facilities be allocated directly to the charter school that generated it.

The legislation also introduces new provisions for calculating public school funding, including adjustments for special needs and vocational education. It allows school districts to make local contributions based on either a two-mill tax levy or a percentage of the district's basic need, whichever is greater. The bill clarifies the calculations for adjusted Average Daily Membership (ADM) and modifies criteria for school districts to implement layoff plans in response to decreased attendance or significant drops in basic needs. Furthermore, it outlines changes to the distribution of supplemental grants based on the adjusted ADM and repeals certain subsections of AS 14.17.410 to streamline the funding process. The bill is set to take effect on July 1, 2025.

Statutes affected:
HB0122A, AM HB 122, introduced 02/28/2025: 14.03.260, 14.17.410, 14.17.420, 14.12.020, 14.12.010, 14.17.470, 14.17.450, 14.17.460, 14.17.430, 14.17.510, 29.45.110, 29.45.080, 14.17.990, 14.20.177, 43.23.220, 43.23.230