AK HB198

Base student allocation for fiscal year ending June 30, 2016, increases to $5,979, with six alternative amounts ($5,999, $6,019, $6,039, $6,059, $6,099) that take effect conditionally based on appropriation levels.

Department shall annually adjust base student allocation based on Consumer Price Index increases for Anchorage metropolitan area, using January 2014 as reference base index of $5,830.

Conditional effect provisions tie each allocation increase to specific appropriation thresholds: $30-35 million triggers $5,979; $25-30 million triggers $5,999; $20-25 million triggers $6,019; $15-20 million triggers $6,039; $10-15 million triggers $6,059; less than $10 million triggers $6,099.

Repeals sections 28, 29, and 60 from chapter 15, SLA 2014, and amends section 59 to revise effective dates for other school funding provisions.

Bill takes effect immediately.