HB 488: "An Act relating to matching funds requirements for municipal school construction grants."
00HOUSE BILL NO. 488 01 "An Act relating to matching funds requirements for municipal school construction 02 grants." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 14.11.008 is amended by adding a new subsection to read: 05 (f) Notwithstanding (a) and (b) of this section, a municipal school district is 06 not required to provide a participating share as required under (b) of this section if the 07 unemployment rate in the municipality averaged at least 10 percent in the fiscal year 08 immediately before the fiscal year in which the appropriation bill funding the grant to 09 the municipality is passed by the legislature. A municipal school district seeking a 10 participating share exemption as provided under this subsection shall provide proof 11 satisfactory to the department of the unemployment rate in the municipality. 12 * Sec. 2. This Act applies to a school construction grant received by a municipal school 13 district on or after the effective date of this Act.