Frank Richards
106:50 - 107:27
“we're looking at ways now to potentially— because we know that cash is very tight within the state based on our budgets, that we're looking for ways to use in-kind contributions. And so you saw that there were new regulations coming out from the Department of Natural Resources for materials, in this case gravel, that could be provided to state corporation, meaning AGDC, that could provide to the project and get an equity position from that contribution”
- Speaker
- Frank Richards
- Timestamp
- 106:50 – 107:27
- Transcript
- House Finance, 5/28/26, 1:30pm
- Community
- Alaska News
- Location
- Anchorage
- Captured at
- May 28, 2026
From the transcript
The projects would proceed to go forward. We just wanted the opportunity for Alaska to invest. How do you do that? We're looking at ways now to potentially— because we know that cash is very tight within the state based on our budgets, that we're looking for ways to use in-kind contributions. And so you saw that there were new regulations coming out from the Department of Natural Resources for materials, in this case gravel, that could be provided to state corporation, meaning AGDC, that could provide to the project and get an equity position from that contribution.
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