HB 414 Summary

• Makes operating appropriations of $18,753,700 for fiscal year 2023 (July 1, 2022 - June 30, 2023) for state agencies including Commerce, Environmental Conservation, and the Governor's Office.

• Makes capital appropriations of $571,228,781 for FY2023 and supplemental capital appropriations of $318,804,787 for FY2022, funding transportation infrastructure, water systems, broadband, energy programs, and airport improvements.

• Appropriates Infrastructure Investment and Jobs Act (P.L. 117-58) federal funding for electric grid modernization ($5M), hydrogen research ($5M), carbon technology ($5M), mineral security ($7.5M), and infrastructure office coordination ($5M).

• Capitalizes Alaska clean water fund with $19,850,900 in federal receipts and $2,006,500 general fund match; capitalizes Alaska drinking water fund with $38,176,700 federal receipts and $1,795,500 general fund match.

• Capital project appropriations lapse under AS 37.25.020; most provisions take effect July 1, 2022, with certain supplemental appropriations effective June 30, 2022.