| Budgeting and Appropriations | Annual budget; fiscal year begins July 1. |
| Bonding or Pay-as-You-Go | Combination of bonding and pay-as-you-go financing |
| State-Level Funding Provided for DOT Budgets | FY |
| Allocation of Federal Transportation Funds to the DOT | Federal transportation funds are allocated to the DOT&PF through state legislative appropriations at the program/category and project-specific levels. |
| Allocation of State Transportation Funds to the DOT | As with federal funds, state transportation funds are allocated to the DOT&PF through state legislative appropriations at the program/category and project-specific levels. |
| Traditional State Funding and Finance for Highways | Fuel taxes; motor vehicle/rental car sales taxes; vehicle registration/license/title fees; truck weight fees; general funds; interest income; general obligation bonds. |
| State Funding and Finance for Other Modes | Transit (Alaska Marine Highway, the state ferry program): General funds. Rail: The Alaska Railroad Corporation is a separate, self-sustaining state agency. |
| Innovative Transportation Funding and Finance | GARVEE bonds; private activity bonds (PABs) (allocated); Build America Bonds; state infrastructure bank (federally capitalized); PPPs (authorized in statute for the Knik Arm Bridge only); design-build (authorized in statute, used for the Anton Anderson Tunnel). |
| Dedicated/Restricted State Funds and Revenues | The state constitution prohibits dedication of state revenues to any special purpose, unless federally required or dedicated prior to statehood (Alaska Const. art. IX, §7). Thus, all state revenues are available for appropriation. The Legislature has tried to dedicate state revenues or funds for transportation, but has been unsuccessful. In 2010, for example, the Legislature considered but ultimately did not pass House Joint Resolution 42 and House Bill 329. These bills sought to establish and define a new, dedicated Transportation Infrastructure Fund that would have been fed by state fuel taxes and registration fees. The Legislature is considering similar bills-House Bill 30, House Bill 31, Senate Bill 37 and House Joint Resolution 4-in 2011. |
| DOT Authorized to Retain Surplus Funds | No. Funds are authorized for expenditure until a project is deemed complete; any unexpended funding upon project completion is administratively lapsed or reappropriated by the Legislature. |
| Legislative Approval Required to Move Funds Between Projects | Legislative action is required to move funds between project appropriations; movement between project allocations requires DOT&PF commissioner approval only. |
| Transportation Funding Allocations through Local Aid | Federal funds for MPOs flow through the DOT&PF and must be appropriated. The Legislature appropriates state funding to local governments as project-specific grants; there is no specific state-funded program for local transportation. |