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Denote by \\(H=(-\\Delta)^{\\alpha/2}\\) the infinitesimal generator of \\(X_t\\) and let \\((\\mathcal E,\\mathcal F)\\) denote the associated Dirichlet form on \\(L^2(\\mathbb R^d)\\). Let \\(V\\) be a nonnegative continuous function on \\(\\mathbb R^d\\) with compact support and consider the Schr\u00f6dinger-type operator \\(H^\\lambda=H-\\lambda V\\) with \\(\\lambda\\geq 0\\). The bottom of the spectrum of the operator \\((1/V)H\\) is defined by  \\[ \\lambda_V=\\inf\\left\\{\\mathcal E(u,u):u\\in\\mathcal F,\\int_{\\mathbb R^d}u^2(x)V(x)dx=1\\right\\}. \\]  The spectral function \\(C(\\lambda)\\) is defined by  \\[ C(\\lambda)=-\\inf\\left\\{\\mathcal E(u,u)-\\lambda\\int_{\\mathbb R^d}u^2(x)V(x)dx:u\\in\\mathcal F,\\int_{\\mathbb R^d}u^2(x)dx=1\\right\\}, \\]  i.e., \\(-C(\\lambda)\\) is the bottom of the spectrum of the operator \\(H^\\lambda\\). The author gives precise asymptotics of the function \\(C(\\lambda)\\) as \\(\\lambda\\downarrow 0\\) or \\(\\lambda\\downarrow\\lambda_V\\), depending on whether the process \\(X_t\\) is recurrent or transient. This extends [\\textit{M. Cranston} et al., J. Funct. Anal. 256, No. 8, 2656--2696 (2009; Zbl 1162.82031)], where the same problem was studied for the Brownian 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