Enrolled SB3001: Making supplemental appropriations; making appropriations to capitalize funds; and providing for an effective date.
00Enrolled SB3001 01 Making supplemental appropriations; making appropriations to capitalize funds; and 02 providing for an effective date. 03 _______________ 04 * Section 1. LEGISLATIVE INTENT. (a) It is the intent of the legislature that the 05 appropriations made in secs. 2 - 4 of this Act be accounted for separately from the unrestricted 06 general fund. 07 (b) It is the intent of the legislature that the appropriation made in sec. 5(a) of this Act 08 be paid in an expedited manner, resulting in a successful state acquisition of the interest in the 09 Alaska liquefied natural gas project currently held by TransCanada Alaska Midstream 10 Limited Partnership by December 1, 2015. 11 * Sec. 2. DEPARTMENT OF LAW. The sum of $10,100,000 is appropriated from the 12 general fund to the Department of Law, civil division, oil, gas, and mining, for contractual 13 services with law firms to assist the Department of Natural Resources in drafting and 14 reviewing contracts related to the Alaska liquefied natural gas project and to provide legal and
01 regulatory support for state participation in the Alaska liquefied natural gas project for the 02 fiscal year ending June 30, 2016. Money may be expended from the appropriation made in 03 this section only for work completed during the fiscal year ending June 30, 2016. 04 * Sec. 3. DEPARTMENT OF NATURAL RESOURCES. The sum of $1,849,500 is 05 appropriated from the general fund to the Department of Natural Resources, administration 06 and support services, North Slope gas commercialization, for a marketing lead position, a 07 marketing analyst position, work related to Federal Energy Regulatory Commission resource 08 reporting reviews and drafting, facilities review for commercial aspects, commercial analysis 09 and support, and audits associated with the termination of the agreement with TransCanada 10 Alaska Midstream Limited Partnership for the fiscal year ending June 30, 2016. Money may 11 be expended from the appropriation made in this section only for work completed during the 12 fiscal year ending June 30, 2016. 13 * Sec. 4. DEPARTMENT OF REVENUE. The sum of $1,045,500 is appropriated from the 14 general fund to the Department of Revenue, administration and support, natural gas 15 commercialization, for personal services for work on financial analysis, project financing, 16 governance, and the revenue aspects of marketing and taxes; for travel; for contractual review 17 of project financing; and for other costs related to performing work for the Alaska liquefied 18 natural gas project for the fiscal year ending June 30, 2016. Money may be expended from the 19 appropriation made in this section only for work completed during the fiscal year ending 20 June 30, 2016. 21 * Sec. 5. FUND CAPITALIZATION. (a) The amount necessary, estimated to be 22 $68,455,000, is appropriated from the general fund to the Alaska liquefied natural gas project 23 fund (AS 31.25.110) to acquire the interest currently held by TransCanada Alaska Midstream 24 Limited Partnership in the Alaska liquefied natural gas project. 25 (b) The sum of $75,600,000 is appropriated from the general fund to the Alaska 26 liquefied natural gas project fund (AS 31.25.110) to fund the state's share of preliminary 27 front-end engineering and design work for the Alaska liquefied natural gas project. 28 (c) The statutory designated program receipts received as reimbursement for costs of 29 field work paid from the Alaska liquefied natural gas project fund (AS 31.25.110) during the 30 fiscal year ending June 30, 2016, estimated to be $2,900,000, are appropriated to the Alaska 31 liquefied natural gas project fund (AS 31.25.110).
01 (d) The statutory designated program receipts received as reimbursement for costs of 02 field work paid from the in-state natural gas pipeline fund (AS 31.25.100) during the fiscal 03 year ending June 30, 2016, estimated to be $1,300,000, are appropriated to the in-state natural 04 gas pipeline fund (AS 31.25.100). 05 * Sec. 6. LAPSE OF APPROPRIATIONS. The appropriations made in sec. 5 of this Act are 06 for the capitalization of funds and do not lapse. 07 * Sec. 7. RETROACTIVITY. If secs. 2 - 5 of this Act take effect after November 15, 2015, 08 secs. 2 - 5 of this Act are retroactive to November 15, 2015. 09 * Sec. 8. CONTINGENCY. The appropriations made in secs. 2 - 4 and 5(b) of this Act are 10 contingent on adoption of a work program and budget for the Alaska liquefied natural gas 11 project for calendar year 2016 by the Alaska Gasline Development Corporation, ExxonMobil 12 Alaska LNG LLC, ConocoPhillips Alaska LNG Company, and BP Alaska LNG LLC by 13 December 31, 2015. 14 * Sec. 9. This Act takes effect immediately under AS 01.10.070(c).