8:03:32 AM                                                                                                                    
SENATOR MACKINNON explained SB 103:                                                                                             
                                                                                                                                
     SB 103  is the source of  funds proposed to be  used to                                                                    
     help  support K-12  education. SB  103  phases out  the                                                                    
     Alaska  Performance Scholarship  allowing seniors  that                                                                    
     graduate  this  calendar  year  to  utilize  the  grant                                                                    
     through all  their endeavors  in a  college experience.                                                                    
     Freshmen that are in college  now will continue through                                                                    
     to  achieve   their  goals,  sophomores,  as   well  as                                                                    
     juniors,  but   2017  would  be  the   last  graduating                                                                    
     students  that would  receive  this  service. It  would                                                                    
     retitle  the program  and the  remaining  money in  the                                                                    
     fund to  become the  Alaska Education  Innovation Grant                                                                    
     Program.  The use  of those  funds  will be  determined                                                                    
     later through  school districts  working with  DEED and                                                                    
     providing, through the Governor's  office, a request to                                                                    
     the legislature  to support innovation to  help schools                                                                    
     across our  state and students to  achieve their lives'                                                                    
     dream