SB 162 Summary

• Appropriates $7,638,333,200 for state government operating expenses and loan programs for fiscal year 2023 (July 1, 2022 - June 30, 2023), funding all major state departments and agencies

• Allocates funds from multiple sources including general fund receipts ($1,377,118,100), federal receipts ($2,891,362,100), designated program receipts, and special fund accounts

• Includes $375,404,100 in American Rescue Plan Act federal funds for general revenue replacement and $22,800,000 for University of Alaska COVID-19 response programs

• Provides supplemental appropriations for Department of Health and Social Services COVID-19 response, child care assistance, and extends certain pandemic-related federal funding programs through June 30, 2023

• Appropriates capital funds including $3,360,567,100 from Alaska Permanent Fund earnings for dividends and state fund deposits, and $78,975,672 for school construction costs