AK SB85

Extends the funding allocation period for the Alaska Workforce Investment Board from fiscal year ending June 30, 2017 through June 30, 2020.

Allocates collected funds directly to nine institutions in specified percentages for workforce development programs and capital improvements: University of Alaska (45%), Alaska Vocational Technical Center (17%), Alaska Technical Center (9%), Yuut Elitnaurviat Inc. People's Learning Center (9%), Ilisagvik College (5%), Galena Interior Learning Academy (4%), Northwestern Alaska Career and Technical Center (3%), Southwest Alaska Vocational and Education Center (3%), Partners for Progress in Delta Inc. (3%), and Amundsen Educational Center (2%).

Makes the act retroactive to June 30, 2017 if it takes effect after that date.

Takes effect immediately upon enactment.