HB 269 Summary

• Appropriates $3.466 billion for capital projects and grants across multiple state agencies, with $2.944 billion from federal receipts and $285.2 million from unrestricted general funds.

• Provides major funding for transportation ($1.739 billion), broadband expansion ($1.012 billion), water infrastructure ($265.25 million), and energy projects including rural power systems upgrades ($27.5 million) and grid resilience ($13.9 million).

• Allocates funds for education ($8.3 million for school construction and maintenance grants), public safety equipment, housing programs through Alaska Housing Finance Corporation ($87.4 million), and university research initiatives.

• Reappropriates $3.587 million from prior COVID-19 utility assistance funding to Department of Corrections for heating, ventilation, and air conditioning improvements.

• Appropriates $20 million to University of Alaska Fairbanks for Research 1 status achievement, contingent on awarding at least 70 doctoral degrees between fall 2024 and spring 2025; takes effect July 1, 2024.