Bill > HB319

This bill, effective July 1, 2026, allows municipalities in Alaska to establish "educational service areas" to fund school improvements through bonds, taxes, charges, or assessments. These areas must cover at least 25% of a municipality's residents, and any bond issuance for them will require voter approval, either within the service area or the entire municipality depending on how the debt is secured. The bill also amends existing laws to include these new educational service areas when discussing municipal bonds and existing bonded indebtedness, ensuring that voters are informed about the total debt, including that of these specific educational areas, before any bond election.

Education

https://www.akleg.gov/basis/Bill/Detail/34?Root=HB319