Section 31.25.110. Alaska liquefied natural gas project fund.

The Alaska liquefied natural gas project fund is established in the corporation and consists of money appropriated to it. The corporation shall determine fund management and may contract with the Department of Revenue for fund management. If money is appropriated to the fund to finance the cost of an Alaska liquefied natural gas project, the corporation shall create an account in the fund for that purpose and hold the money appropriated for that purpose in that account. Interest and other income received on money in the fund shall be separately accounted for and may be appropriated to the fund. The corporation may use money appropriated to the fund without further appropriation for the purpose of managing the fund, for purposes related to an Alaska liquefied natural gas project, and for the purpose of transferring net revenue received by the corporation related to equity interests, contracts, and other activities to the appropriate fund of the state as determined by the commissioner of revenue in consultation with the commissioner of natural resources.

Authorities

31.25.080;31.25.120;31.25.140

Notes

References

AS 31.25.080 Powers and duties.
AS 31.25.120 Creation of subsidiaries.
AS 31.25.140 Exemption from the State Procurement Code; application of the Executive Budget Act; corporation finances.

History

(Sec. 18 ch 14 SLA 2014)