SB 41 Summary

• Makes capital appropriations totaling $2,078,134,812 for fiscal year ending June 30, 2024, with funding from general fund, federal receipts, and designated program revenues.

• Allocates major funding to Department of Transportation/Public Facilities ($1.46 billion), Department of Environmental Conservation ($300 million for village safe water/wastewater infrastructure), and various energy and infrastructure projects.

• Appropriates $462 million for Airport Improvement Program, $755 million for Surface Transportation Program, and significant amounts for rural power systems upgrades, clean water/drinking water capitalization grants, and housing programs.

• Authorizes appropriation of federal receipts and other program receipts exceeding amounts in this Act, conditioned on compliance with program review provisions.

• Takes effect July 1, 2023; appropriations are for capital projects and lapse under AS 37.25.020 unless otherwise noted.