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.