HB3003 Summary

• Appropriates $730,500,000 for Alaska Permanent Fund dividends of approximately $1,100 per eligible individual for fiscal year 2022, funded from $400.5 million in general funds and $330 million from the budget reserve fund.

• Provides $6,917,500 in operating appropriations for fiscal year 2022 across multiple state agencies including Commerce, Corrections, Health and Social Services, Natural Resources, and Revenue.

• Appropriates $299,700 in supplemental operating funds for fiscal year 2021 to the Department of Public Safety.

• Allocates $18,364,273 for capital projects including $10,481,300 for federal COVID-19 relief tourism grants, $4,750,973 for Alaska Energy Authority renewable energy projects, and $3,132,000 for school demolition in Napakiak.

• Appropriates $114,000,000 to the oil and gas tax credit fund from $54 million in general funds, plus various federal appropriations for COVID-19 response, education, and economic development activities spanning fiscal years 2022-2025.