The Legislature has passed a bill to protect Alaska's college scholarship fund.
was introduced so that it would effectively remove the scholarship fund from the state treasury so that it couldn’t be emptied again by another failed procedural vote. Supporters said that would provide certainty for thousands of Alaska college students. Some of the opposition to the bill came from the idea that college scholarships would not compete with other appropriations in the annual budget process.
Another fund used to pay for maintenance of Alaska’s ferries and to buy new ships would also be similarly protected.has $359 million set aside to recapitalize the college scholarship fund. HB 322 now goes to the governor for his consideration.
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