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.