HB 72 Summary

• Appropriates operating and capital expenditures for Alaska state government for fiscal year ending June 30, 2016, totaling approximately $6.628 billion from general and other funds

• Makes appropriations for major departments including Administration, Education, Health and Social Services, Transportation, Corrections, and University of Alaska

• Rejects monetary terms of 14 collective bargaining agreements unless separately approved by explicit legislative action

• Establishes fund capitalizations including $126.5 million for public employees' retirement system, $130.1 million for teachers' retirement system, and $5.9 million for judicial retirement system

• Takes effect July 1, 2015, except certain fund provisions that take effect June 30, 2015