This bill amends existing laws related to the regional educational attendance area and small municipal school district fund, specifically addressing funding for school districts and Mt. Edgecumbe High School. It allows the department to make disbursements from the fund established under AS 14.11.030, replacing the previous language that specified providing grant funding. The bill also expands the purposes for which the fund can be used, explicitly including funding for construction and major maintenance projects at Mt. Edgecumbe High School, in addition to supporting regional educational attendance areas and small municipal school districts.

Furthermore, the bill modifies the description of the regional educational attendance area and small municipal school district school fund to clarify that it will be used for projects approved under AS 14.11.025, including those at Mt. Edgecumbe High School. Additionally, it removes the limitation on the unobligated and unexpended cash balance of the fund, which previously could not exceed $70,000,000. These changes aim to enhance funding flexibility and support for educational infrastructure in Alaska.

Statutes affected:
SB0146A, AM SB 146, introduced 03/26/2025: 14.11.025, 14.11.030
SB0146B, AM HCS SB 146(FIN), introduced 03/30/2026: 14.11.025, 14.11.030
SB0146Z, AM Enrolled SB 146, introduced 05/20/2026: 14.11.025, 14.11.030