AK SB215

Establishes the "Federal Receipts Fiscal Accountability Act" requiring state agencies, municipalities, school districts, Native corporations, University of Alaska, and other state-funded entities to report annually on federal receipts to the Office of Management and Budget by October 31.

Requires reporting entities receiving unapportioned federal funds to disclose the total amount received, conditions for receipt, matching or replacement requirements, percentage of total budget represented, and operating plans if federal receipts decrease by 5% or more.

Mandates the Office of Management and Budget to compile federal receipts reports and submit to the Legislative Budget and Audit Committee and finance committees by November 30 each year, identifying non-compliant entities.

Defines "federal receipts" as grants, loans, loan guarantees, property, cooperative agreements, interest subsidies, insurance, food commodities, direct appropriations, and other federal assistance reported in single audits.

Modifies the process for increasing appropriations based on additional federal or program receipts, requiring the Legislative Budget and Audit Committee to recommend approval of newly revised programs before expenditure commencement.