An Act relating to the powers and duties of the Legislative Budget and Audit Committee; relating to the powers and duties of the legislative audit division; providing for a sunset review of executive branch agencies; and providing for an effective date.

HB 274 requires Alaska's Legislative Budget and Audit Committee to conduct a periodic review (every six years) of all state executive agencies. The Legislative Audit Division would manage this process, requiring agencies to submit annual reports by January 1st on their mission progress, cost-effectiveness, and service delivery. The review evaluates agencies using specific criteria, including whether they meet statutory goals, operate efficiently, and if services could be provided more cost-effectively. Based on this evaluation, the division would recommend whether an agency should be terminated, continued, or reorganized, with draft legislation to implement those recommendations. This bill applies directly to all state executive agencies subject to sunset review.