"An Act relating to the Alaska children's trust grant awards. "
The Alaska Children's Trust was created by the Legislature in 1988 to help fund programs around the state aimed at preventing child abuse and neglect. Under current law, the trust may spend the net income earned by the trust to fund community based prevention programs. However, current statute limits the size of grants to $50,000 and provides a specific formula for funding grants. This bill removes the $50,000 cap and calls for the elimination of the funding formula. The changes proposed by the bill will allow trustees the flexibility to set maximum grant awards and funding formulas based on need with the issuance of each new RFP.