AK HB56

Appropriates $390.15 million in supplemental operating funds for FY2025, with major allocations including $228.6 million for Medicaid Services, $133.3 million to the University of Alaska, and $3.55 million for Department of Corrections population management

Provides $77.7 million for capital projects including $65 million in federal funds for Alaska Oil and Gas Conservation Commission orphaned well grants, $6.5 million for Alaska Marine Highway System vessel overhauls, and $2.5 million for Matanuska-Susitna Borough flood mitigation

Capitalizes state funds with $29 million to the disaster relief fund and $13.14 million to the fire suppression fund

Extends multi-year appropriations for Alaska Housing Finance Corporation housing programs ($131 million federal), Department of Health COVID-19 response ($40 million), and homeless management information systems through FY2026-2027

Appropriates $10 million for Alaska Seafood Marketing Institute comprehensive marketing, $4 million for A Better Childhood litigation defense, and up to $2.68 million for retirement account corrective contributions