An Act making supplemental appropriations; making appropriations to capitalize funds; and providing for an effective date.

SB 59 allocates $50 million from Alaska's general fund to reimburse the Alaska Industrial Development and Export Authority for front-end engineering costs related to the Liquified Natural Gas (LNG) pipeline project, covering fiscal years ending in 2025, 2026, and 2027. It also provides $15 million to capitalize the state's disaster relief fund, which does not expire. The LNG funding lapses back into the general fund by June 30, 2027, while the disaster fund capitalization is permanent. If enacted after June 30, 2025, the bill applies retroactively to July 1, 2024.