AK HB311

Amends AS 37.07.020(b) to require the governor's 10-year fiscal plan to include specific details on significant sources and uses of funds, including operating expenditures, capital expenditures, debt service, and fund capitalizations.

Requires the fiscal plan to balance sources and uses of funds while providing essential state services and protecting economic stability.

Mandates inclusion of projected balances for significant funds including the budget reserve fund, public education fund, and Alaska capital income fund.

Requires disclosure of significant assumptions used in projections with sufficient detail to help the legislature understand major operating increases, such as population demographics affecting government service needs.

Requires the fiscal plan to project the amount available for spending over 10 fiscal years, excluding principal balances from the Alaska Permanent Fund, constitutional and statutory budget reserve funds, and the net present value of projected oil reserves.