APPROP: SUPPLEMENTAL; FUND CAP

Plain English Breakdown

The bill states it takes effect immediately but includes a retroactive clause if enacted after June 30, 2025.

Alaska Supplemental Appropriations for LNG Pipeline and Disaster Relief

This bill provides $50 million to reimburse costs for early planning of the Alaska Liquified Natural Gas pipeline project and adds $15 million to the disaster relief fund.

What This Bill Does

• Provides $50,000,000 from the general fund to the Alaska Industrial Development and Export Authority.
• Reimburses expenditures for front-end engineering and design of the Alaska Liquified Natural Gas pipeline project.
• Covers costs for fiscal years ending June 30, 2025, June 30, 2026, and June 30, 2027.
• Provides $15,000,000 from the general fund to capitalize the disaster relief fund.
• States that any unspent money for the pipeline project returns to the general fund on June 30, 2027.

Who It Names or Affects

• The Alaska Industrial Development and Export Authority
• The state's disaster relief fund

Terms To Know

Supplemental appropriations

Extra money added to the budget after it was first approved.

Front-end engineering and design

The early planning, technical studies, and blueprints done before a project starts construction.

Fund capitalization

Adding money to the starting balance of a fund so it can earn interest or cover future costs without lapsing.

Limits and Unknowns

• The bill does not list specific amounts for how much engineering work has already been done.
• It is unclear if this funding covers all pipeline project needs beyond the design phase.
• If the law takes effect after June 30, 2025, it applies retroactively to July 1, 2024.

Official Summary Text

APPROP: SUPPLEMENTAL; FUND CAP
An Act making supplemental appropriations; making appropriations to capitalize funds; and providing for an effective date.

Current Bill Text

SB0059A -1- SB 59
New Text Underlined [DELETED TEXT BRACKETED]

34-GS1753\A

SENATE BILL NO. 59

IN THE LEGISLATURE OF THE STATE OF ALASKA

THIRTY-FOURTH LEGISLATURE - FIRST SESSION

BY THE SENATE RULES COMMITTEE BY REQUEST OF THE GOVERNOR

Introduced: 1/24/25
Referred: Finance

A BILL

FOR AN ACT ENTITLED

"An Act making supplemental appropriations; making appropriatio ns to capitalize 1
funds; and providing for an effective date." 2
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 3
* Section 1. ALASKA INDUSTRIAL DEVELOPMENT AND EXPORT AUTHORITY. 4
The sum of $50,000,000 is appropriate d from the general fund to the Alaska Industrial 5
Development and Export Authority for the reimbursement of the A laska Liquified Natural 6
Gas pipeline project front-end engineering and design expenditures for the fiscal years ending 7
June 30, 2025, June 30, 2026, and June 30, 2027. 8
* Sec. 2. SUPPLEMENTAL FUND CAPITALIZATION. The sum of $15,000,000 is 9
appropriated from the general fund to the disaster relief fund (AS 26.23.300(a)). 10
* Sec. 3. LAPSE OF APPROPRIATIONS. (a) The unexpended balance of the appropriation 11
made in sec. 1 of this Act lapses into the general fund on June 30, 2027. 12
(b) The appropriation made in sec. 2 of this Act is for the ca pitalization of a fund and 13
does not lapse. 14
34-GS1753\A
SB 59 -2- SB0059A
New Text Underlined [DELETED TEXT BRACKETED]

* Sec. 4. RETROACTIVITY. If this Act takes effect after June 30, 2025, th i s A c t i s 1
retroactive to July 1, 2024. 2
* Sec. 5. This Act takes effect immediately under AS 01.10.070(c). 3