
Matt Kissinger
105:56 - 106:31
"Section 19 creates a mitigation fund of up to $90 million per year. And then it sets up how that that gets allocated between the different impacted municipalities and the state"
“Section 19 creates a mitigation fund of up to $90 million per year. And then it sets up how that that gets allocated between the different impacted municipalities and the state”
Section 19 creates a mitigation fund of up to $90 million per year. And then it sets up how that that gets allocated between the different impacted municipalities and the state, depending on how much is allocated. So if 30 million or less is allocated, it's shared equally. If it's between 30 and 60 million, 5 million go to each of the North Slope Borough, Fairbanks, North Starborough, Denali, Matissitna, Municipality of Anchorage, and Kenai Peninsula Borough.
Alaska Senate Finance Committee reviews fiscal analysis of proposed tax structure for Alaska LNG project, showing $18 billion combined revenue reduction over project life in exchange for improved global price competitiveness.
