The Latest: Alaska Senate panel advances education bill
JUNEAU, Alaska (AP) — The Latest on the Alaska legislative session (all times local):
11:55 a.m.
A key state Senate committee is trying to sweeten the pot to encourage the House to support legislation that would set in law a long-term draw rate from Alaska's oil-wealth fund.
The Senate Finance Committee on Friday advanced a two-year education funding bill, starting with the fiscal year that begins July 1.
For year two, the bill would not only provide funding but add $30 million for schools. However, that would be contingent upon passage of separate legislation, placing in law a structured draw for use of Alaska Permanent Fund earnings to help pay for state government.
There are no contingencies for the first year of funding.