AK SB140

Appropriates $386,000,000 total for capital projects and grants across multiple state agencies, funded from the Maintenance and Capital Fund ($280,000,000), federal receipts ($98,000,000), and University Restricted Receipts ($8,000,000).

Major appropriations include: University of Alaska deferred maintenance ($86,000,000), Department of Education Major Maintenance Grant Fund ($70,000,000), Surface Transportation Program ($70,000,000), and Port of Anchorage ($40,000,000).

All appropriations are contingent on the legislature enacting a broad-based tax (payroll, income, or other) projected to generate at least $800,000,000 during fiscal years 2019-2021, to take effect by January 1, 2019.

Port of Anchorage appropriation has an additional contingency requiring the Municipality of Anchorage to appropriate at least $67,000,000 to complete phase 1 of the project.

Takes effect July 1, 2018, retroactively if enacted after that date; all capital appropriations lapse under existing statutory provisions.