The bill establishes a matching grant program within the Alaska Department for funding the construction and renovation of fire stations. It introduces new sections to AS 29.60, specifically creating a framework for eligible applicants to apply for grants under regulations set by the department. The program aims to provide financial support for fire station projects, with the department authorized to award a percentage of the total proposed project costs to successful applicants, subject to available appropriations.

Additionally, the bill creates a fire station grant fund, which will consist of appropriations and any income earned on the fund's money. This fund will be used for matching grants without the need for further appropriation, and the money will not lapse, remaining available for future fiscal years. Each year, a specified percentage of the fund's balance will be allocated for these grants. The bill is set to take effect on July 1, 2025.

Statutes affected:
SB0140A, AM SB 140, introduced 03/24/2025: