An Act relating to school bond debt reimbursement; and providing for an effective date.

SB 184 changes Alaska's school bond reimbursement rules by moving the deadline for municipalities to apply for state reimbursement of school construction bonds from July 1, 2027, to July 1, 2025. It also adjusts the state's reimbursement rates for different bond periods, providing 90% of eligible payments for bonds issued before 1982 (with specific conditions) and 80% for bonds authorized after 1983. The bill directly affects Alaska school districts that issued bonds for school construction, additions, or major rehabilitation projects approved under state law. These changes will impact how much state funding school districts can recover for past bond payments, with stricter deadlines and revised reimbursement percentages.