HB56 appropriates $50 million for the Alaska Liquified Natural Gas pipeline project and $15 million to the disaster relief fund.

HB56 allocates $50 million from the general fund to the Alaska Industrial Development and Export Authority for the Alaska Liquified Natural Gas pipeline project's front-end engineering and design costs over three fiscal years. Additionally, it provides $15 million to the disaster relief fund. The unexpended balance of the pipeline project funding lapses into the general fund on June 30, 2027, while the disaster relief fund capitalization does not lapse. If enacted after June 30, 2025, the Act is retroactive to July 1, 2024.

HB56 appropriates $50 million for the Alaska Liquified Natural Gas pipeline project and $15 million to the disaster relief fund.

HB56 allocates $50 million from the general fund to the Alaska Industrial Development and Export Authority for the Alaska Liquified Natural Gas pipeline project's front-end engineering and design costs over three fiscal years. Additionally, it provides $15 million to the disaster relief fund. The unexpended balance of the pipeline project funding lapses into the general fund on June 30, 2027, while the disaster relief fund capitalization does not lapse. If enacted after June 30, 2025, the Act is retroactive to July 1, 2024.