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SB 52: "An Act making appropriations for state aid to public schools, centralized correspondence study, and transportation of pupils; and providing for an effective date."

00                             SENATE BILL NO. 52                                                                          
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,                                                   
09        and for centralized correspondence study under AS 14.17 $342,133,000                                             
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 for distribution to each school district in the same amount as was received by                             
09 that school district during fiscal year 2007 for implementation of a cost factor adjustment.                            
10    * Sec. 3.  The sum of $11,000,000 is appropriated from the general fund to the Department                          
11 of Education for distribution to each school district in the same amount as was received by                             
12 that school district during fiscal year 2007 for a school improvement grant.                                            
13    * Sec. 4.  RETIREMENT SYSTEM FUNDING FOR SCHOOL DISTRICTS.  (a) It is the                                          
14 intent of the legislature that a portion of the increase in state revenue due to high oil prices be                     
15 used to assist school districts by paying the fiscal year 2008 estimated increase in school                             
16 district employer costs resulting from increased employer contribution rates, to reduce the                             
17 liability to the defined benefit plan of the public employees' retirement system and the defined                        
18 benefit plan of the teachers' retirement system of school districts that are members of those                           
19 systems.  The appropriations made by (b) and (c) of this section reflect estimates by the                               
20 Department of Administration, as of September 11, 2006, of the increased employer cost for                              
21 the school districts resulting from employer contribution rate increases for fiscal year 2008.                          
22 The appropriations made by (b) and (c) of this section are intended to reduce those increased                           
23 employer costs, based on current estimates, but might not fully eliminate the increased                                 
24 employer costs because of changes in school district payroll amounts and other factors.  The                            
25 appropriations made by (b) and (c) of this section are one-time appropriations and are not                              
26 intended to recur for fiscal year 2009.                                                                                 
27       (b)  The following amounts, totaling $36,981,562, are appropriated from the general                               
28 fund to the Department of Administration for deposit in the defined benefit plan account in                             
29 the public employees' retirement system for each of the following school districts:                                     
30       DISTRICT                                APPROPRIATION                                                             
31       Alaska Gateway                                $    62,997                                                         
01       Aleutian Region                                  2,220                                                            
02       Aleutians East Borough                          45,357                                                            
03       Anchorage                                    14,029,111                                                           
04       Annette Island                                    8,833                                                           
05       Bering Strait                                  460,844                                                            
06       Bristol Bay Borough                            102,327                                                            
07       Chatham                                        181,375                                                            
08       Chugach                                         66,159                                                            
09       Copper River                                   201,638                                                            
10       Cordova                                        242,057                                                            
11       Craig                                          104,477                                                            
12       Delta/Greely                                   194,817                                                            
13       Denali Borough                                 213,564                                                            
14       Dillingham                                     129,701                                                            
15       Fairbanks North Star Borough                  4,554,638                                                           
16       Galena                                         188,555                                                            
17       Haines Borough                                  80,177                                                            
18       Hoonah                                          41,447                                                            
19       Hydaburg                                        14,675                                                            
20       Iditarod Area                                  126,318                                                            
21       Juneau Borough                                1,621,027                                                           
22       Kake                                            36,500                                                            
23       Kashunamiut                                     97,342                                                            
24       Kenai Peninsula Borough                       3,176,094                                                           
25       Ketchikan Gateway Borough                      497,958                                                            
26       Klawock                                         47,419                                                            
27       Kodiak Island Borough                         1,064,528                                                           
28       Kuspuk                                         216,705                                                            
29       Lake and Peninsula Borough                     278,601                                                            
30       Lower Kuskokwim                               1,057,862                                                           
31       Lower Yukon                                    891,330                                                            
01       Matanuska-Susitna Borough                     3,069,148                                                           
02       Nenana                                          60,379                                                            
03       Nome                                           169,705                                                            
04       North Slope Borough                            807,489                                                            
05       Northwest Arctic Borough                       483,823                                                            
06       Pelican                                          1,865                                                            
07       Petersburg                                     146,276                                                            
08       Pribilof                                        28,423                                                            
09       Saint Mary's                                    16,071                                                            
10       Sitka Borough                                  565,734                                                            
11       Southeast Island                               298,122                                                            
12       Southwest Region                               227,913                                                            
13       Tanana                                           4,406                                                            
14       Unalaska                                        51,268                                                            
15       Valdez                                         618,069                                                            
16       Wrangell                                       171,781                                                            
17       Yakutat                                         11,358                                                            
18       Yukon Flats                                     40,139                                                            
19       Yukon/Koyukuk                                  100,376                                                            
20       Yupiit                                          72,564                                                            
21       (c)  The sum of $170,450,921 is appropriated from the general fund to the Department                              
22 of Administration for deposit in the defined benefit plan in the teachers' retirement system for                        
23 increased costs for school districts.                                                                                   
24    * Sec. 5. The appropriation made by sec. 1(a) of this Act is to capitalize a fund and does not                     
25 lapse.                                                                                                                  
26    * Sec. 6. This Act takes effect July 1, 2007.