The bill amends existing laws related to the regional educational attendance area and small municipal school district fund, specifically addressing funding for school construction and maintenance projects. It allows the department to make disbursements from the fund to provide grant funding to school districts classified as regional educational attendance areas or small municipal school districts. Additionally, the bill specifies that funds can be allocated for construction and major maintenance projects at Mt. Edgecumbe High School, as well as for major maintenance projects for teacher housing that is owned by the state or the school districts and provided to teachers working in these areas.

Furthermore, the bill establishes the regional educational attendance area and small municipal school district school fund as an account in the general fund, which will be used to finance approved projects for school construction and major maintenance in the specified areas, including Mt. Edgecumbe High School and teacher housing. The amendments also remove the previous limitation on the unobligated and unexpended cash balance of the fund, which was capped at $70,000,000. Overall, the bill aims to enhance funding mechanisms for educational infrastructure and support for teachers in Alaska's regional and small municipal school districts.

Statutes affected:
SB0146A, AM SB 146, introduced 03/26/2025: 14.11.025, 14.11.030