Alaska2026Passed Legislature
HB42
School Construction Grants and Bond Debt Reimbursement Rules
Last scannedSep 10, 2026, 12:32 AM
In one sentence
This bill changes the deadline for school construction plans to July 1 and sets limits on how many projects a district can get state reimbursement for at one time.
What it does
- Moves the deadline for submitting six-year capital improvement plans from September 1 to July 1 of the fiscal year before funding is requested.
- Requires school districts to include details about their fixed asset inventory system and preventive maintenance program in their plan submission.
- Limits state bond debt reimbursement so that one district can only get paid back for one new school construction project at a time, unless all its projects are ranked in the top 20 statewide.
- Allows districts to receive reimbursement for up to two major maintenance projects, or more if all their projects rank within the top 20 on the state list.
- Removes an older rule that allowed reimbursement for voter-approved bonds authorized between January 1, 2015, and July 1, 2025.
Who it affects
- Alaska school districts and regional educational attendance areas seeking state grants or bond debt reimbursement.
- The Department of Education officials who review applications and rank projects.
Limits and unknowns
- The new rules only apply to bonds authorized by voters on or after July 1, 2025.
- The bill does not specify how much total money is available for these grants in any given year.
Plain language
Terms to know
- Bond debt reimbursement
- State money used to pay back the principal and interest on loans a school district took out for building or maintenance.
- Capital improvement plan
- A six-year document listing planned construction projects, budgets, and reasons why they are needed.
- Preventive maintenance program
- A formal system for tracking scheduled care to keep school buildings working well before major repairs are needed.
Official record
Sources
Official summary
SCHOOL GRANTS AND BOND DEBT REIMBURSEMENT An Act relating to funding for school construction and major maintenance; relating to school bond debt reimbursement; and providing for an effective date.
Official activity
Bill history
- (H) REFERRED TO EDUCATION42
- (H) EDC, FIN42
- (H) READ THE FIRST TIME - REFERRALS42
- (H) PREFILE RELEASED 1/17/2542