An Act relating to the required local contribution made by a city or borough school district for public school funding; and providing for an effective date.

This bill modifies how Alaska calculates the required local contribution that city and borough school districts must make toward public school funding. It updates the formula used to determine state aid by adjusting how student enrollment numbers are counted, particularly when districts experience significant enrollment decreases or school consolidations. The law allows districts to use previous years' enrollment data to offset drops in funding for up to three years following enrollment declines, and for four years following school consolidations, provided the enrollment drop meets specific thresholds. These changes aim to provide more stability in funding calculations during periods of enrollment fluctuation or district reorganization.