An Act relating to group insurance coverage and self-insurance coverage for school district employees, employees of the University of Alaska, and employees of other governmental units in the state; and providing for an effective date.

SB 5 requires school boards to budget for group insurance or self-insurance coverage for school district employees, University of Alaska staff, and other state government employees. The bill amends Alaska statutes to mandate that school boards allocate funds specifically for insurance participation as part of their annual budgeting process. This ensures costs for employee coverage are formally included in school district finances without altering the insurance benefits themselves. The legislation establishes a clear budgeting requirement for these coverage costs across eligible public sector employees.