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 responsible for awarding grants based on appropriated funds.

Additionally, the bill creates a fire station grant fund, which will consist of appropriations and any income earned on the fund's money. The department is authorized to expend these funds for matching grants without needing further appropriation, ensuring that the money does not lapse and remains available for future fiscal years. The bill also mandates that a certain percentage of the fund's balance be allocated annually for matching grants. The effective date for this act is set for July 1, 2025.

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