An Act relating to education funding; providing for an effective date by amending the effective date of secs. 10, 11, 13, and 15, ch. 5, SLA 2025; and providing for an effective date.

HB 261 modifies Alaska's education funding rules by establishing specific spending limits and allocation formulas for school construction projects. It sets a $190.6 million cap for projects approved between 1998-2006, distributing funds based on municipality school enrollment sizes (e.g., $77.9 million for districts with 25,000+ students in 2000). A separate $177.3 million cap applies to projects from 1999-2006, with allocations tied to enrollment ranges as of 2005 (e.g., $61.9 million for districts with 45,000+ students). The bill also requires department approval for early education programs to count toward district enrollment calculations. These provisions directly affect school districts and municipalities receiving construction funding based on historical enrollment data.