Session: State Capitol, Room 423 Juneau, AK 99801-1182 Phone: (907) 465-4940 Fax: (907) 465-3766 Interim: 716 W 4th Avenue, Suite 450 Anchorage, AK 99501-2133 Phone: (907) 269-0106 Fax: (907) 269-0109 145 Main Steet Loop Kenai, AK 99611 Phone: (907) 283-7996 Fax: (907) 283-3075

Sponsor Statement for SJR 25
Constitutional Amendment: Education Fund

Proposing an amendment to the Constitution of the State of Alaska relating to education.

SJR 25 is a companion resolution to Senate Bill 188. This resolution amends the Constitution allowing the legislature to create an education fund as a separate fund in the state treasury.

The principal of the fund consists of land or money appropriated by the legislature. The money in the fund shall be invested. Income from the fund may be appropriated only for public elementary and secondary education and for the University of Alaska.

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