00SENATE BILL NO. 63                                                                                                      
01 "An Act making special appropriations 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.  (a)  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  (b)  The legislature also finds that the acquisition of inholdings in Kachemak Bay State                               
13 Park is a restoration project relating to the Exxon Valdez oil spill and is an appropriate use                          
14 of the remedial and compensatory payments received by the state as a consequence of the                                 

01 Exxon Valdez oil spill.                                                                                                 
02    * Sec. 2.  In order to achieve the purposes of the remedial and compensatory payments, the                           
03 sum of $7,000,000 is appropriated from the remedial and compensatory payments to the                                    
04 Department of Natural Resources for the purchase of the inholdings of the Seldovia Native                               
05 Association and of the Timber Trading Company, within the Kachemak Bay State Park as                                    
06 identified in the Preliminary Exchange Agreement dated June 30, 1989, as amended as of the                              
07 effective date of this Act, between the state, the Seldovia Native Association, and the Timber                          
08 Trading Company; and for the purchase of the inholdings of the Cook Inlet Region, Inc.,                                 
09 within Kachemak Bay State Park.                                                                                         
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.  In this Act,                                                                                              
18   (1)  "Alyeska Settlement Fund" means the fund or account established for the                                          
19 purpose of receiving, holding, and disbursing the settlement proceeds received by the state                             
20 under the Agreement and Consent Decree in IN RE: The EXXON VALDEZ, United States                                        
21 District Court, District of Alaska, case No. A89-095 Civil (Consolidated)(Re: case No. A92-175 Civil);                  
22   (2)  "remedial and compensatory payments" means the remedial and                                                      
23 compensatory payments received by the state under the criminal plea agreement between the                               
24 United States and Exxon Corporation and Exxon Shipping Company in the United States of                                  
25 America v. Exxon Corporation and Exxon Shipping Company, United States District Court,                                  
26 District of Alaska, case No. A90-015 CR and held in trust by the state treasury in a trust                              
27 account in the general fund.                                                                                            
28    * Sec. 5.  The unexpended and unobligated balance of the appropriations made by this Act                             
29 lapse into the account or fund from which appropriated December 31, 1994.                                               
30    * Sec. 6.  This Act takes effect immediately under AS 01.10.070(c).