SB 40 Summary

• Appropriates $112.5 million in operating expenditures for fiscal year 2015, distributed across multiple state departments including $92 million for Medicaid Services, $2 million for K-12 education, and funding for children's services, administrative costs, and other programs.

• Appropriates $75,000 in capital funding for an Edna Bay Organizational Grant in House District 35.

• Provides supplemental appropriations for specific purposes including $1.3 million for Department of Health and Social Services audits, $3 million for Alaska Correctional Officers Association settlement, $6.4 million for judgments and settlements, and $3 million for fire suppression activities.

• Reappropriates $45 million in previously unexpended balances from liquefied natural gas projects to continue state economic development efforts and transfers various environmental conservation project balances totaling $3.2 million to the oil and hazardous substance release prevention fund.

• Takes effect April 19, 2015.