00                             SENATE BILL NO. 140                                                                         
01 "An Act relating to a matching grant program for fire station construction and                                          
02 renovation; and providing for an effective date."                                                                       
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1. AS 29.60 is amended by adding new sections to read:                                                   
05                   Article 6A. Fire Station Grant Program.                                                             
06            Sec. 29.60.750. Fire station grant program. (a) A matching grant program is                                
07       established in the department for the purpose of funding fire station construction and                            
08       renovation.                                                                                                       
09            (b)  A person in charge of construction or renovation of an eligible fire station                            
10       may apply to the department for a matching grant under regulations adopted by the                                 
11       department.                                                                                                       
12            (c)  Subject to appropriation, the department shall award not more than 50                                   
13       percent of the total proposed grant project costs to an eligible applicant.                                       
14            Sec. 29.60.760. Fire station grant fund. (a) The fire station grant fund is                                
01       established in the department and consists of appropriations to the fund. The                                     
02       legislature may appropriate to the fund income earned on money in the fund.                                       
03 (b)  Money appropriated to the fire station grant fund may be expended by the                                           
04 department for fire station construction and renovation matching grants without                                         
05 further appropriation. Money in the fund does not lapse and remains available for                                       
06       expenditure in successive fiscal years.                                                                           
07            (c)  Each fiscal year, the department shall use an amount equal to at least 50                               
08       percent of the balance of the fire station grant fund on June 30 of the preceding fiscal                          
09       year for fire station construction and renovation matching grants.                                                
10            Sec. 29.60.770. Regulations. The department may adopt regulations to                                       
11       implement AS 29.60.750 - 29.60.770.                                                                               
12    * Sec. 2. This Act takes effect July 1, 2025.