HB 301 Summary

• Makes approximately $1.36 billion in capital appropriations for fiscal year 2011, including funds for infrastructure, transportation, education, and public safety projects across state agencies.

• Allocates $815 million in federal funds and $182 million in general funds, with major investments in Department of Transportation ($797 million), University of Alaska ($125 million), and Department of Environmental Conservation ($75 million).

• Authorizes $106.3 million in deferred maintenance appropriations for state facilities, including $37.5 million for University of Alaska facility maintenance and $25 million for transportation infrastructure.

• Includes $150 million transfer from Alaska Housing Capital Corporation receipts to the Alaska Gasline Inducement Act reimbursement fund for natural gas pipeline project construction.

• Establishes effective date of July 1, 2010, with lapse provisions under AS 37.25.020 for most capital projects unless otherwise designated.