Bill > SB59

This bill provides supplemental appropriations for two specific purposes: First, it allocates $50 million from the general fund to the Alaska Industrial Development and Export Authority (AIDEA) to reimburse expenses related to front-end engineering and design work for the Alaska Liquefied Natural Gas (LNG) pipeline project, covering fiscal years ending June 30, 2025, 2026, and 2027. Second, the bill appropriates $15 million from the general fund to the state's disaster relief fund, which is established under Alaska Statute 26.23.300(a). The bill also specifies that the AIDEA appropriation will lapse and return to the general fund on June 30, 2027, while the disaster relief fund appropriation will not lapse. Additionally, the bill includes a retroactivity provision that ensures if the act takes effect after June 30, 2025, it will be considered retroactive to July 1, 2024, and it will take immediate effect under Alaska law.

Budget and Finance

Rules (S)

https://www.akleg.gov/basis/Bill/Detail/34?Root=SB59