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A billion dollars that had been held up for weeks by the chairman of the Legislative Budget and Audit Committee was released to be distributed throughout Alaska as part of the COVID-19 disaster response.
The funds include $568 million for communities, $100 million for fishers and fishing businesses, and $289 million for Alaska’s smaller businesses — those with under 50 employees, specifically those that have not been able to get any of the millions in federal dollars that have been made available through the Small Business Administration.
The Alaska Housing Finance Corporation received $10 million to help prevent homelessness, and airports will get $52 million to help them pay the bills while air travel continues to be depressed.