Alaska’s law funds public projects across the state, with some additional school, port, university, and court projects depending on an oil price test.
The law provides capital funding for projects across Alaska, including water systems, schools, housing, public safety, and transportation.
The law sets aside $37.5 million for port and harbor grants to named municipalities; each grant is reduced proportionally if the account falls short.
The law redirects unused funds to replace a school in Stebbins, support Medicaid service authorizations, and fund assessments for seniors and people with disabilities.
The law sets aside $2 million for technology work supporting paid parental leave, but only if a law creating that program is enacted.
The law sets aside additional money for named port, school, university, and court projects only if the required oil price is reached.
The law provides capital funding for projects and grants across state agencies. Projects include water and wastewater systems, schools, housing, public safety, and transportation across Alaska. Funding comes from general, federal, and other listed sources. Sections 1–3 take effect July 1, 2026. Sections 4–6 take effect June 30, 2026.
The law sets aside $37.5 million for grants to named municipalities. The grants go to municipalities named in the law for port and harbor repairs and upgrades, passenger safety, and services for vessels and passengers. If the commercial vessel passenger tax account has too little money after other enacted appropriations, each grant is reduced in proportion to the shortfall. The grants are for fiscal year 2027, which ends June 30, 2027.
The law redirects specified unused funds to state programs. The funds support replacing the Stebbins K-12 school and Medicaid service authorizations, and assessments for seniors and people with disabilities. The Medicaid service authorization funding is capped at $7,125,675. Assessment funding is limited to specified balances. The assessment funding covers fiscal years ending June 30, 2027, 2028, and 2029.
The law sets aside $2 million for technology work to support a paid parental leave program. The money goes to the Department of Labor and Workforce Development for information technology improvements. The funding depends on passage and enactment of House Bill 193 or a substantially similar bill creating a paid parental leave program. This appropriation takes effect July 1, 2026, and lapses under the law's capital project rules.
The law provides additional capital funding for named projects if the oil price condition is met. The named projects include a port terminal replacement, school repairs, university projects, and court security work. The 2027 fiscal year-to-date average price of Alaska North Slope crude oil must be at least $80 per barrel on December 31, 2026. These appropriations take effect January 1, 2027, if the oil price condition is met.
No hearings or votes scheduled.