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| 2 | 2 | | SB0146A -1- SB 146 |
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| 3 | 3 | | New Text Underlined [DELETED TEXT BRACKETED] |
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| 5 | 5 | | 34-LS0717\A |
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| 11 | 11 | | SENATE BILL NO. 146 |
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| 12 | 12 | | |
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| 13 | 13 | | IN THE LEGISLATURE OF THE STATE OF ALASKA |
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| 14 | 14 | | |
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| 15 | 15 | | THIRTY-FOURTH LEGISLATURE - FIRST SESSION |
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| 16 | 16 | | |
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| 17 | 17 | | BY THE SENATE FINANCE COMMITTEE |
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| 18 | 18 | | |
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| 19 | 19 | | Introduced: 3/26/25 |
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| 20 | 20 | | Referred: Finance |
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| 22 | 22 | | |
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| 23 | 23 | | A BILL |
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| 24 | 24 | | |
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| 25 | 25 | | FOR AN ACT ENTITLED |
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| 26 | 26 | | |
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| 27 | 27 | | "An Act relating to the regional educational attendance area and small municipal school 1 |
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| 28 | 28 | | district fund; relating to Mt. Edgecumbe High School; and relating to teacher housing." 2 |
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| 29 | 29 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 3 |
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| 30 | 30 | | * Section 1. AS 14.11.025(a) is amended to read: 4 |
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| 31 | 31 | | (a) In addition to other appropriations and funding sources, the department 5 |
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| 32 | 32 | | may make disbursements [PROVIDE GRANT FUNDING] from the fund |
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| 33 | 33 | | 6 |
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| 34 | 34 | | established under AS 14.11.030 to 7 |
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| 35 | 35 | | (1) provide grant funding to a school district that is a regional 8 |
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| 36 | 36 | | educational attendance area or a small municipal school district; 9 |
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| 37 | 37 | | (2) fund construction and major maintenance projects at Mt. 10 |
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| 38 | 38 | | Edgecumbe High School; and 11 |
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| 39 | 39 | | (3) fund major maintenance projects for housing that is 12 |
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| 40 | 40 | | (A) owned by the state, a regional educational attendance 13 |
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| 41 | 41 | | area, or a small municipal school district; 14 34-LS0717\A |
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| 42 | 42 | | SB 146 -2- SB0146A |
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| 45 | 45 | | (B) located in a regional educational attendance area or a 1 |
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| 46 | 46 | | small municipal school district; and 2 |
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| 47 | 47 | | (C) provided to teachers working in the regional 3 |
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| 48 | 48 | | educational attendance area or the small municipal school district. 4 |
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| 49 | 49 | | * Sec. 2. AS 14.11.030(a) is amended to read: 5 |
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| 50 | 50 | | (a) The regional educational attendance area and small municipal school 6 |
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| 51 | 51 | | district school fund is created as an account in the general fund to be used, in addition 7 |
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| 52 | 52 | | to other funding sources, to fund projects approved under AS 14.11.025 for the costs 8 |
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| 53 | 53 | | of school construction and major maintenance in regional educational attendance 9 |
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| 54 | 54 | | areas, in [AND] small municipal school districts, and at Mt. Edgecumbe High 10 |
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| 55 | 55 | | School and for major maintenance projects for teacher housing described in 11 |
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| 56 | 56 | | AS 14.11.025(a)(3). The primary function of the fund is to fund school construction 12 |
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| 57 | 57 | | projects. 13 |
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| 58 | 58 | | * Sec. 3. AS 14.11.030(b) is amended to read: 14 |
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| 59 | 59 | | (b) Legislative appropriations, including appropriations of interest earned on 15 |
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| 60 | 60 | | the fund, shall be deposited in the fund established under this section. [THE 16 |
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| 61 | 61 | | UNOBLIGATED AND UNEXPENDED CASH BALANCE OF THE FUND MAY 17 |
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| 62 | 62 | | NOT EXCEED $70,000,000.] 18 |
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