HB 81 Summary

• Appropriates $5.54 billion for operating and loan program expenses of Alaska state government for fiscal year 2010 (July 1, 2009 - June 30, 2010)

• Makes supplemental appropriations, reappropriations, and fund capitalizations for state agencies and programs across multiple departments

• Includes appropriations for retirement system funding ($173.5 million to teachers' retirement system; $107.95 million to public employees' retirement system)

• Authorizes debt service payments on state bonds and appropriations for school construction aid, with total of $100 million from Alaska debt retirement fund and school fund

• Establishes contingent appropriations tied to Alaska North Slope crude oil prices to offset increased fuel and utility costs for state agencies