AK HB106

Extends the moratorium on state reimbursement for school bond debt from July 1, 2020, to July 1, 2025, for indebtedness authorized by municipal voters between January 1, 2015, and July 1, 2025.

Establishes new reimbursement rates of 50 percent and 40 percent for school construction and major rehabilitation projects exceeding $200,000 authorized after July 1, 2025.

Prohibits the school bond debt reimbursement committee from recommending approval and prohibits the commissioner from approving bond debt reimbursement applications for the extended moratorium period.

Prevents the commissioner from allocating funds under AS 14.11.100 for tax-exempt bonds, notes, or other indebtedness authorized during the moratorium period.

Repeals the moratorium provisions on July 1, 2025, allowing future bond debt reimbursement applications for indebtedness authorized after that date.