HB 70 Summary

• Appropriates $1,444,959,266 in capital project funding from general and other funds to various state agencies for fiscal year 2022, including $1,149,525,801 in federal receipts.

• Major allocations include $680,000,000 for surface transportation programs, $268,722,059 for airport improvements, and $68,480,000 for village safe water and wastewater infrastructure projects.

• Provides $25,529,400 additional appropriation to Department of Revenue for revenue collections system enhancements.

• Reappropriates $16,542,766 in unexpended balances from previous Department of Transportation appropriations to the Alaska capital income fund and $8,595 to the commercial passenger vessel tax account.

• Takes effect July 1, 2021, with sections on federal program receipts, insurance claims, and National Petroleum Reserve-Alaska impact grants also taking effect on specified dates.