SB 144 - Appropriations Bill Summary

• Operating Budget for FY2019: Appropriates $7,007,814,200 for operating and loan program expenses of state government for the fiscal year ending June 30, 2019, distributed across all major state departments and agencies.

• Fund Capitalization and Transfers: Authorizes capitalization of various state funds and transfers between accounts, including appropriations to the Alaska Permanent Fund, housing finance programs, and education funds.

• Budget Reserve Fund Allocations: Appropriates amounts from the constitutional budget reserve fund for school construction ($85.9 million), retirement system contributions ($264 million combined), debt service, and other critical needs.

• Conditional Appropriations: Makes certain appropriations contingent on legislative action, including three-fourths vote requirements for budget reserve fund uses and passage of legislation extending the senior benefits payment program.

• Effective Dates: Most provisions take effect July 1, 2018, with some sections effective June 30, 2018, and others taking immediate effect under statutory provisions.