AK HB55

Extends the funding allocation period for the Alaska Workforce Investment Board from fiscal year ending June 30, 2024, through June 30, 2025.

Maintains direct allocation percentages to ten institutions including University of Alaska (45%), Alaska Vocational Technical Center (17%), Alaska Technical Center (9%), and Yuut Elitnaurviat, Inc. People's Learning Center (9%).

Allocates remaining percentages to Galena Interior Learning Academy (4%), Ilisagvik College (5%), Southwest Alaska Vocational and Education Center (3%), Partners for Progress in Delta, Inc. (3%), and Amundsen Educational Center (2%).

If enacted after June 30, 2024, the act becomes retroactive to June 30, 2024.

Takes effect immediately upon enactment.