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34-LS0717\A
SENATE BILL NO. 146
IN THE LEGISLATURE OF THE STATE OF ALASKA
THIRTY-FOURTH LEGISLATURE - FIRST SESSION
BY THE SENATE FINANCE COMMITTEE
Introduced: 3/26/25
Referred: Finance
A BILL
FOR AN ACT ENTITLED
"An Act relating to the regional educational attendance area and small municipal school 1
district fund; relating to Mt. Edgecumbe High School; and relating to teacher housing." 2
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 3
* Section 1. AS 14.11.025(a) is amended to read: 4
(a) In addition to other appropriations and funding sources, the department 5
may make disbursements [PROVIDE GRANT FUNDING] from the fund
6
established under AS 14.11.030 to 7
(1) provide grant funding to a school district that is a regional 8
educational attendance area or a small municipal school district; 9
(2) fund construction and major maintenance projects at Mt. 10
Edgecumbe High School; and 11
(3) fund major maintenance projects for housing that is 12
(A) owned by the state, a regional educational attendance 13
area, or a small municipal school district; 14 34-LS0717\A
SB 146 -2- SB0146A
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(B) located in a regional educational attendance area or a 1
small municipal school district; and 2
(C) provided to teachers working in the regional 3
educational attendance area or the small municipal school district. 4
* Sec. 2. AS 14.11.030(a) is amended to read: 5
(a) The regional educational attendance area and small municipal school 6
district school fund is created as an account in the general fund to be used, in addition 7
to other funding sources, to fund projects approved under AS 14.11.025 for the costs 8
of school construction and major maintenance in regional educational attendance 9
areas, in [AND] small municipal school districts, and at Mt. Edgecumbe High 10
School and for major maintenance projects for teacher housing described in 11
AS 14.11.025(a)(3). The primary function of the fund is to fund school construction 12
projects. 13
* Sec. 3. AS 14.11.030(b) is amended to read: 14
(b) Legislative appropriations, including appropriations of interest earned on 15
the fund, shall be deposited in the fund established under this section. [THE 16
UNOBLIGATED AND UNEXPENDED CASH BALANCE OF THE FUND MAY 17
NOT EXCEED $70,000,000.] 18