HB 283 Summary

• Appropriates $60,000,000 from the general fund to the Alaska Gasline Inducement Act reimbursement fund for natural gas pipeline project construction inducement.

• Appropriates $25,000,000 to the renewable energy grant fund and $35,512,300 to the regional educational attendance area school fund from the general fund.

• Appropriates $1,700,000 in federal receipts from the Denali Commission to the emerging energy technology fund for capital projects.

• Appropriates $70,640,000 for the sport fish hatchery in Anchorage and $5,000,000 of unexpended balance to the fish and game fund; authorizes appropriation of proceeds from sale of a Department of Fish and Game research vessel during fiscal years 2013-2015 for vessel and equipment repair, maintenance, or replacement.

• Establishes that appropriations for capital projects lapse under AS 37.25.020, while fund capitalization appropriations do not lapse; effective date is July 1, 2012.