SB3001 Summary

• Appropriates $10,100,000 to the Department of Law for contractual services with law firms to assist with drafting and reviewing contracts related to the Alaska liquefied natural gas project for fiscal year ending June 30, 2016.

• Appropriates $1,849,500 to the Department of Natural Resources for marketing positions, Federal Energy Regulatory Commission work, and audits related to terminating the TransCanada Alaska Midstream Limited Partnership agreement for fiscal year ending June 30, 2016.

• Appropriates $1,045,500 to the Department of Revenue for personal services, travel, and contractual review related to financial analysis, project financing, and revenue aspects of the Alaska liquefied natural gas project for fiscal year ending June 30, 2016.

• Appropriates $68,455,000 to acquire TransCanada Alaska Midstream Limited Partnership's interest in the Alaska liquefied natural gas project and $75,600,000 to fund the state's share of preliminary front-end engineering and design work through the Alaska liquefied natural gas project fund.

• Appropriates $2,900,000 from designated program receipts to the Alaska liquefied natural gas project fund and $1,300,000 to the in-state natural gas pipeline fund as reimbursements for field work costs during fiscal year ending June 30, 2016.