Skip to main content
0:59

Erik Gunderson

19:43 - 20:43

“the ACS amends subsection A-1 to increase the amount paid to the state by the project developer within 60 days after financial final investment decision on Phase 1 from $40 million to $50 million. It adds language stating that it is the intent of the legislature that $10 million from this amount be appropriated to workforce development projects for the AK LNG project.”
Community
Alaska News
Location
Alaska
Captured at

From the transcript

In Section 36, this would be page 41 in the red line, the ACS amends subsection A-1 to increase the amount paid to the state by the project developer within 60 days after financial final investment decision on Phase 1 from $40 million to $50 million. It adds language stating that it is the intent of the legislature that $10 million from this amount be appropriated to workforce development projects for the AK LNG project. This includes but is not limited to the Alaska Teamster Training Center, the Fairbanks Pipeline Training Center, the Instructional Service Center in Kenai, and the Alaska Vo— Tech— Vocational Technical Center. It also amends subsection A.2 to clarify that the project developer has committed to require contractors to enter into project labor agreements for Phase 1. This largely conforms with changes made in the previous version for Phase 2.

Related Coverage

Alaska LNG tax bill advances to floor on split conference committee votes

Alaska's Legislature advanced a revised LNG tax bill that replaces municipal property taxes with a state volumetric tax, redirecting an estimated $500 million in annual local revenue by 2033.

Cover image for article: Alaska LNG tax bill advances to floor on split conference committee votes