This bill proposes supplemental appropriations for the fiscal year beginning July 1, 2025, and ending June 30, 2026, primarily focusing on funding for the Department of Health and the Department of Transportation and Public Facilities. It allocates $36,436,800 from the general fund for Medicaid services and $70,154,087 for various capital projects and grants, including federal program matches for transportation initiatives. Additionally, the bill includes reappropriations for the Alaska Energy Authority and significant appropriations to disaster relief and fire suppression funds, totaling $95 million.

Furthermore, the bill outlines provisions for funding transfers to the oil and hazardous substance release prevention and response accounts, as well as a $129,598,900 appropriation to the Alaska higher education investment fund. It also stipulates that if unrestricted state revenue is insufficient to cover general fund appropriations in fiscal year 2026, up to $382,300,000 may be appropriated from the constitutional budget reserve fund to balance the budget. The bill includes specific effective dates for certain sections, with most provisions taking effect immediately.