00 CS FOR SENATE BILL NO. 165(FIN)                                                                                         
01 "An Act making an appropriation to the Alyeska Settlement Fund and making                                               
02 appropriations from the Alyeska Settlement Fund; and providing for an effective                                         
03 date."                                                                                                                  
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
05    * Section 1.  The interest of the State of Alaska in payments received by the state for                              
06 deposit into the Alyeska Settlement Fund under the Agreement and Consent Decree in IN RE:                               
07 The EXXON VALDEZ, United States District Court, District of Alaska, case No. A89-095                                    
08 Civil (Consolidated)(Re: case No. A92-175 Civil, decree entered November 25, 1992), is                                  
09 appropriated to the Alyeska Settlement Fund.                                                                            
10    * Sec. 2.  The sum of $20,500,000 is appropriated from the Alyeska Settlement Fund to the                            
11 Department of Transportation and Public Facilities and is allocated for the following projects                          
12 in the amounts listed:                                                                                                  
13   PROJECT                                                            ALLOCATION                                         
14 Construction of oil spill response equipment                                                                            
01   storage facilities and docks at Tatitlek                                                                              
02   and Chenega; acquisition of oil spill                                                                                 
03   response equipment for prepositioning at Tatitlek                                                                     
04   and Chenega                                                       $14,500,000                                         
05 Construction of road from Cordova to                                                                                    
06   Shepard Point; construction of oil spill response                                                                     
07   equipment storage facilities at Shepard Point;                                                                        
08   acquisition of oil spill response equipment for                                                                       
09   prepositioning at Shepard Point                                     6,000,000                                         
10    * Sec. 3.  The sum of $7,500,000 is appropriated from the Alyeska Settlement Fund to the                             
11 Department of Natural Resources for the purchase of the inholdings of the Seldovia Native                               
12 Association and of the Timber Trading Company, within the Kachemak Bay State Park as                                    
13 identified in the Preliminary Exchange Agreement dated June 30, 1989, as amended as of the                              
14 effective date of this Act, between the state, the Seldovia Native Association, and the Timber                          
15 Trading Company; and for the purchase of the inholdings of the Cook Inlet Region, Inc.,                                 
16 within Kachemak Bay State Park.                                                                                         
17    * Sec. 4.  The sum of $200,000 is appropriated from the Alyeska Settlement Fund to the                               
18 Department of Environmental Conservation for the acquisition and installation of                                        
19 communications equipment at the Valdez Emergency Operations Center.                                                     
20    * Sec. 5.  In this Act, "Alyeska Settlement Fund" means the trust fund established in the                            
21 state treasury for the purpose of receiving, holding, and disbursing the settlement proceeds                            
22 received by the state under the Agreement and Consent Decree in IN RE: The EXXON                                        
23 VALDEZ, United States District Court, District of Alaska, case No. A89-095 Civil                                        
24 (Consolidated)(Re: case No. A92-175 Civil, decree entered November 25, 1992).                                           
25    * Sec. 6.  The appropriations made by secs. 2 - 4 of this Act are for capital projects and                           
26 lapse under AS 37.25.020.                                                                                               
27    * Sec. 7.  This Act takes effect immediately under AS 01.10.070(c).