SB 165: "An Act making an appropriation to the Alyeska Settlement Fund and making appropriations from the Alyeska Settlement Fund; and providing for an effective date."
00SENATE BILL NO. 165 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 Commerce and Economic Development for payment as a grant under 12 AS 37.05.316 to the Chugach Alaska Corporation to be allocated for the following projects 13 in the amounts listed: 14 PROJECT ALLOCATION
01 Construction of oil spill response equipment 02 storage facilities and docks at Tatitlek 03 and Chenega; prepositioning at Tatitlek and 04 Chenega storage facilities oil spill 05 response equipment that may be provided by 06 third parties $14,500,000 07 Construction of road from Cordova to Shepard 08 Point; construction of oil spill response equipment 09 storage facilities and oil spill response staging 10 area at Shepard Point; prepositioning at Shepard Point 11 storage facilities oil spill response equipment that 12 may be provided by third parties 6,000,000. 13 * Sec. 3. The sum of $7,500,000 is appropriated from the Alyeska Settlement Fund to the 14 Department of Natural Resources for the purchase of the inholdings of the Seldovia Native 15 Association and of the Timber Trading Company, within the Kachemak Bay State Park as 16 identified in the Preliminary Exchange Agreement dated June 30, 1989, as amended as of the 17 effective date of this Act, between the state, the Seldovia Native Association, and the Timber 18 Trading Company; and for the purchase of the inholdings of the Cook Inlet Region, Inc., 19 within Kachemak Bay State Park. 20 * Sec. 4. The sum of $200,000 is appropriated from the Alyeska Settlement Fund to the 21 Department of Environmental Conservation for the acquisition and installation of 22 communications equipment at the Valdez Emergency Operations Center. 23 * Sec. 5. In this Act, "Alyeska Settlement Fund" means the trust fund established in the 24 state treasury for the purpose of receiving, holding, and disbursing the settlement proceeds 25 received by the state under the Agreement and Consent Decree in IN RE: The EXXON 26 VALDEZ, United States District Court, District of Alaska, case No. A89-095 Civil 27 (Consolidated)(Re: case No. A92-175 Civil, decree entered November 25, 1992). 28 * Sec. 6. The unexpended and unobligated balance of the appropriation made by sec. 2 of 29 this Act lapses upon completion of the projects for which the appropriation is made, as 30 determined by the Department of Commerce and Economic Development. 31 * Sec. 7. The appropriations made by secs. 3 and 4 of this Act are for capital projects and