HB 108 Summary

• Makes appropriations for operating and loan program expenses of Alaska state government for the fiscal year beginning July 1, 2011 and ending June 30, 2012

• Appropriates $76,960,000 to the Department of Administration for Centralized Administrative Services and additional amounts to multiple state agencies across departments including Education, Health and Social Services, Corrections, and others

• Capitalizes various state funds including the Information Services Fund, Alaska clean water fund, Alaska drinking water fund, and power cost equalization endowment fund with specified appropriations that do not lapse

• Appropriates amounts for debt service and principal payments on state general obligation bonds, certificates of participation, and revenue bonds across multiple series (2003A, 2009A, 2010A-C, 2011A)

• Reappropriates unexpended and unobligated balances of federal American Recovery and Reinvestment Act funds from prior fiscal year to various departments for continued program administration through June 30, 2012