This 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 related to teacher housing that is owned by the state or the respective school districts.

The bill also establishes the regional educational attendance area and small municipal school district school fund as an account within the general fund, which will be used to finance approved projects for school construction and maintenance. The amendments clarify that the fund will support projects at Mt. Edgecumbe High School and for teacher housing, while removing the previous cap on the unobligated and unexpended cash balance of the fund, which was set at $70 million. Overall, the bill aims 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