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JUNEAU — More than $159 million in projects statewide are on hold because ofa failed vote in the Alaska Legislature, and fixing the problem may require first settling the amount of this year’s Alaska Permanent Fund dividend.
Last week, the Alaska House of Representatives failed to approve money from the state’s Constitutional Budget Reserve for the annual capital budget. That document, a companion to the state’s operating budget, is intended to pay for construction and renovation projects across Alaska, but because the Legislature failed to fund much of the budget, many projects have no cash to perform the work.