This bill amends existing laws regarding school bond debt reimbursement in Alaska, specifically extending the timeline for municipalities to apply for reimbursement for school construction or major maintenance projects. The bill changes the cutoff date for applications from January 1, 2015, to July 1, 2027, allowing municipalities to seek reimbursement for indebtedness authorized by qualified voters during this extended period. Additionally, it repeals certain provisions related to bond debt reimbursement that were set to expire on July 1, 2025, now extending that expiration date to July 1, 2027.

The bill also includes a retroactivity clause, stating that if the Act takes effect after July 1, 2025, it will be retroactive to that date. This means that any applications for reimbursement that would have been affected by the previous cutoff date will still be considered valid under the new provisions. The bill aims to provide municipalities with continued support for funding school construction and maintenance projects, thereby enhancing educational infrastructure in the state.

Statutes affected:
SB0184A, AM SB 184, introduced 04/25/2025: 14.11.014, 14.11.100, 14.07.020, 14.11.008, 14.11.102