SB 47 Summary

• Appropriates $6,124,316,700 for operating expenses and loan programs of Alaska state government for fiscal year ending June 30, 2012, distributed among general funds, federal receipts, and other dedicated funds.

• Makes major appropriations to key departments including Health and Social Services ($2.3 billion), Education ($340 million), Transportation ($585 million), and University of Alaska ($878 million).

• Includes appropriations for permanent fund dividend payments ($524 million), retirement system funding ($490 million), and school construction ($108 million).

• Authorizes conditional appropriations for federal receipts, program receipts, and fund transfers that exceed budgeted amounts, conditioned on compliance with program review provisions.

• Takes effect July 1, 2011, with certain provisions for fund capitalization and retroactive appropriations effective June 30, 2011.