SB 139 Summary

• Appropriates funds for operating expenses, loan programs, and capital projects of Alaska state government for fiscal year ending June 30, 2017.

• Includes $3.2 billion appropriation from Alaska Permanent Fund earnings reserve account to the general fund and $700 million for permanent fund dividend payments of $1,000 per eligible individual.

• Appropriates $800 million for Alaska Housing Finance Corporation loan programs and $1.24 billion to the public education fund.

• Authorizes appropriations from the constitutional budget reserve fund and makes conditional appropriations contingent on pension obligation bonds being issued.

• Includes provisions for debt service payments on state bonds, retirement system funding contributions, and salary and benefit adjustments for state employees and university staff.