0:40
Calvin Schrage
116:10 - 116:51
“it bifurcates the $80 million to a structure in which $40 million is readily available upfront and deposited in into the state's accounts to be able to administer these community impact payments. The additional $40 million that would add up to that $80 million is then available upon submission of basically proof of expense or proof of expected expense”
- Speaker
- Calvin Schrage
- Timestamp
- 116:10 – 116:51
- Community
- Alaska News
- Location
- Alaska
- Captured at
From the transcript
Representative Sharkey. Thank you. Uh, I think the most straightforward explanation of conceptual amendment number 1 to amendment number 22 is it bifurcates the $80 million to a structure in which $40 million is readily available upfront and deposited in into the state's accounts to be able to administer these community impact payments. The additional $40 million that would add up to that $80 million is then available upon submission of basically proof of expense or proof of expected expense. And so it takes that $80 million, splits it into two tranches, both of $40 million.
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