2026-01-23                     House Journal                      Page 1473
HB 264                                                                                                                        
HOUSE BILL NO. 264 by the House Rules Committee by request of                                                                   
the Governor, entitled:                                                                                                         
                                                                                                                                
     "An Act making appropriations, including capital appropriations,                                                           
     supplemental appropriations, and reappropriations; making                                                                  
     appropriations to capitalize funds; and providing for an effective                                                         
     date."                                                                                                                     
                                                                                                                                
was read the first time and referred to the Finance Committee.                                                                  
                                                                                                                                
The Governor's transmittal letter dated January 19 follows:                                                                     
                                                                                                                                
"Dear Speaker Edgmon:                                                                                                           
                                                                                                                                
Under the authority of Article III, Section 18 of the Alaska                                                                    
Constitution, I am transmitting a bill relating to appropriations for the                                                       
State’s capital budget for Fiscal Year (FY) 2027.                                                                               
                                                                                                                                
This appropriation bill totals $2.1 billion and includes $148.9 million                                                         
in unrestricted general funds, $60.2 million in designated general                                                              
funds, $182.3 million in other state funds, and $1.7 billion in federal                                                         
funds.                                                                                                                          
                                                                                                                                
The FY 2027 proposed capital budget invests in projects that enhance                                                            
public protection and Alaska’s natural resources, provides matching                                                             
funds for federal surface transportation and aviation, water and                                                                
wastewater programs, and promotes economic development projects                                                                 
across the state to generate economic activity.                                                                                 

2026-01-23                     House Journal                      Page 1474
I look forward to working with the Legislature on the timely passage                                                            
and implementation of the FY 2027 capital budget.                                                                               
                                                                                                                                
Sincerely,                                                                                                                      
/s/                                                                                                                             
Mike Dunleavy                                                                                                                   
Governor"