00HOUSE BILL NO. 76                                                                                                       
01 "An Act making a special appropriation to the Department of Natural Resources                                           
02 for the purchase of the inholdings of the Seldovia Native Association and the                                           
03 Cook Inlet Region, Inc., and the timber rights of the Timber Trading Company,                                           
04 within the Kachemak Bay State Park; and providing for an effective date."                                               
05 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
06    * Section 1.  LEGISLATIVE FINDINGS.  The legislature finds that the Kachemak Bay                                     
07 State Park is an important scenic and recreational area and that the inholdings within the park,                        
08 if developed, would seriously compromise the integrity of the existing park land.  The                                  
09 legislature finds, therefore, that it is in the interest of the state to acquire the inholdings of the                  
10 Seldovia Native Association and the Cook Inlet Region, Inc., and the timber rights of the                               
11 Timber Trading Company, within the Kachemak Bay State Park.                                                             
12    * Sec. 2.  In order to achieve the purposes of the remedial and compensatory payments, the                           
13 sum of $7,000,000 is appropriated from the remedial and compensatory payments to the                                    
14 Department of Natural Resources for the purchase of the inholdings of the Seldovia Native                               

01 Association and of the Timber Trading Company, within the Kachemak Bay State Park as                                    
02 identified in the Preliminary Exchange Agreement dated June 30, 1989, as amended as of the                              
03 effective date of this Act, between the state, the Seldovia Native Association, and the Timber                          
04 Trading Company; and for the purchase of the inholdings of the Cook Inlet Region, Inc.,                                 
05 within Kachemak Bay State Park.                                                                                         
06    * Sec. 3.  In this Act, "remedial and compensatory payments" means the remedial and                                  
07 compensatory payments received by the state under the criminal plea agreement between the                               
08 United States and Exxon Corporation and Exxon Shipping Company in the United States of                                  
09 America v. Exxon Corporation and Exxon Shipping Company, United States District Court,                                  
10 District of Alaska, case No. A90-015 CR and held in trust by the state treasury in a trust                              
11 account in the general fund.                                                                                            
12    * Sec. 4.  The unexpended and unobligated balance of the appropriation made by this Act                              
13 lapses into the account in the general fund from which it was appropriated December 31,                                 
14 1994.                                                                                                                   
15    * Sec. 5.  This Act takes effect immediately under AS 01.10.070(c).