The bill amends existing laws related to the regional educational attendance area and small municipal school district fund, specifically addressing funding for school districts, Mt. Edgecumbe High School, and teacher housing. It allows the department to make disbursements from the fund to provide grant funding to eligible school districts, fund construction and major maintenance projects at Mt. Edgecumbe High School, and support major maintenance projects for teacher housing that is owned by the state or relevant school districts and located within these areas.

Additionally, the bill modifies the description of the regional educational attendance area and small municipal school district school fund to include funding for projects at Mt. Edgecumbe High School and for teacher housing maintenance. It also removes the previous cap on the unobligated and unexpended cash balance of the fund, which was set at $70 million. These changes aim to enhance educational infrastructure and support for teachers in Alaska's regional and small municipal school districts.

Statutes affected:
HB0174A, AM HB 174, introduced 04/07/2025: 14.11.025, 14.11.030
HB0174Z, AM Enrolled HB 174, introduced 05/20/2025: 14.11.025, 14.11.030