HB 296 Summary

• Amends AS 37.05.146(c) to classify gifts, donations, and grants received by the Department of Transportation and Public Facilities under AS 44.42.060 as program receipts.

• Authorizes the Department of Transportation and Public Facilities to accept gifts, donations, and grants from persons or agencies for providing signage on department-controlled assets.

• Requires all gifts, donations, and grants to be used according to a memorandum of understanding between the donor and the department.

• Prohibits state funds from being expended for signage funded by donations until necessary funds are collected from the donor.

• Preserves the state's authority to use state funds for signage on department-controlled assets independent of this provision.