CSHB 97(HES): "An Act making appropriations for state aid to public schools, centralized correspondence study, and transportation of pupils; and providing for an effective date."
00 CS FOR HOUSE BILL NO. 97(HES) 01 "An Act making appropriations for state aid to public schools, centralized 02 correspondence study, and transportation of pupils; and providing for an effective 03 date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. (a) The sum of $395,701,500 is appropriated from the general fund to the 06 public education fund (AS 14.17.300) for the following purposes in the amounts stated: 07 PURPOSE AMOUNT 08 Distribution to school districts, to the state boarding school, $342,133,000 09 and for centralized correspondence study under AS 14.17 10 Transportation of pupils under AS 14.09.010 53,568,500 11 (b) The sum of $32,886,100 is appropriated to the Department of Education and Early 12 Development for distribution to school districts, to the state boarding school, and for 13 centralized correspondence study under AS 14.17 for the fiscal year ending June 30, 2008, 14 from the following sources:
01 FUND SOURCE AMOUNT 02 Federal impact aid for K-12 schools $20,791,000 03 Public school trust fund (AS 37.14.110) 12,095,100 04 (c) The remaining balance of the public education fund (AS 14.17.300) on June 30, 05 2007, estimated to be $509,130,000 is for distribution to school districts, to the state boarding 06 school, and for centralized correspondence study under AS 14.17. 07 * Sec. 2. The sum of $24,000,000 is appropriated from the general fund to the Department 08 of Education and Early Development for distribution to each school district in the same 09 amount as was received by that school district during fiscal year 2007 for implementation of a 10 cost factor adjustment. 11 * Sec. 3. The sum of $11,000,000 is appropriated from the general fund to the Department 12 of Education and Early Development for distribution to each school district in the same 13 amount as was received by that school district during fiscal year 2007 for a school 14 improvement grant. 15 * Sec. 4. RETIREMENT SYSTEM FUNDING FOR SCHOOL DISTRICTS. (a) It is the 16 intent of the legislature that a portion of the increase in state revenue due to high oil prices be 17 used to assist school districts by paying the fiscal year 2008 estimated increase in school 18 district employer costs resulting from increased employer contribution rates, to reduce the 19 liability to the defined benefit plan of the public employees' retirement system and the defined 20 benefit plan of the teachers' retirement system of school districts that are members of those 21 systems. The appropriations made by (b) and (c) of this section reflect estimates by the 22 Department of Administration, as of September 11, 2006, of the increased employer cost for 23 the school districts resulting from employer contribution rate increases for fiscal year 2008. 24 The appropriations made by (b) and (c) of this section are intended to reduce those increased 25 employer costs, based on current estimates, but might not fully eliminate the increased 26 employer costs because of changes in school district payroll amounts and other factors. The 27 appropriations made by (b) and (c) of this section are one-time appropriations and are not 28 intended to recur for fiscal year 2009. 29 (b) The following amounts, totaling $36,981,562, are appropriated from the general 30 fund to the Department of Administration for deposit in the defined benefit plan account in 31 the public employees' retirement system for each of the following school districts:
01 DISTRICT APPROPRIATION 02 Alaska Gateway $ 62,997 03 Aleutian Region 2,220 04 Aleutians East Borough 45,357 05 Anchorage 14,029,111 06 Annette Island 8,833 07 Bering Strait 460,844 08 Bristol Bay Borough 102,327 09 Chatham 181,375 10 Chugach 66,159 11 Copper River 201,638 12 Cordova 242,057 13 Craig 104,477 14 Delta/Greely 194,817 15 Denali Borough 213,564 16 Dillingham 129,701 17 Fairbanks North Star Borough 4,554,638 18 Galena 188,555 19 Haines Borough 80,177 20 Hoonah 41,447 21 Hydaburg 14,675 22 Iditarod Area 126,318 23 Juneau Borough 1,621,027 24 Kake 36,500 25 Kashunamiut 97,342 26 Kenai Peninsula Borough 3,176,094 27 Ketchikan Gateway Borough 497,958 28 Klawock 47,419 29 Kodiak Island Borough 1,064,528 30 Kuspuk 216,705 31 Lake and Peninsula Borough 278,601
01 Lower Kuskokwim 1,057,862 02 Lower Yukon 891,330 03 Matanuska-Susitna Borough 3,069,148 04 Nenana 60,379 05 Nome 169,705 06 North Slope Borough 807,489 07 Northwest Arctic Borough 483,823 08 Pelican 1,865 09 Petersburg 146,276 10 Pribilof 28,423 11 Saint Mary's 16,071 12 Sitka Borough 565,734 13 Southeast Island 298,122 14 Southwest Region 227,913 15 Tanana 4,406 16 Unalaska 51,268 17 Valdez 618,069 18 Wrangell 171,781 19 Yakutat 11,358 20 Yukon Flats 40,139 21 Yukon/Koyukuk 100,376 22 Yupiit 72,564 23 (c) The sum of $247,987,581 is appropriated from the general fund to the Department 24 of Administration for deposit in the defined benefit plan account in the teachers' retirement 25 system for increased costs for school districts. 26 * Sec. 5. The appropriation made by sec. 1(a) of this Act is to capitalize a fund and does not 27 lapse. 28 * Sec. 6. This Act takes effect July 1, 2007.