HB 3004 Summary

• Appropriates $50,226,100 for state government operating expenses and loan programs for fiscal year 2021-2022, distributed across multiple agencies including Health and Social Services ($35.6 million), Transportation ($2.2 million), and Education ($1.1 million).

• Appropriates $331.8 million for capital projects including $220 million for surface transportation programs, $29.5 million for education facilities, and trail/recreation infrastructure projects.

• Appropriates $500.7 million for Alaska Permanent Fund dividends, funded by $180.7 million from general fund and $320 million from budget reserve fund.

• Authorizes $114 million from budget reserve fund to oil and gas tax credit fund and $21.3 million to community assistance fund for capitalization purposes.

• Makes appropriations retroactive to April 15, 2021 and July 1, 2021, with most provisions taking effect immediately upon enactment.