An Act relating to the regional educational attendance area and small municipal school district fund; and relating to Mt. Edgecumbe High School.

Summary

The bill establishes a dedicated fund that can be used to give grants to regional educational attendance areas and small municipal school districts for building and major repairs. It also earmarks money for construction and major maintenance at Mt. Edgecumbe High School and for major upkeep of teacher housing owned by the state or those districts. A balance cap of $70 million is set, and any legislative appropriations, including earned interest, must go into the fund.

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