The bill proposes supplemental appropriations from the general fund for various projects in Alaska. Specifically, it allocates $50,000,000 to the Alaska Industrial Development and Export Authority to reimburse costs associated with the front-end engineering and design of the Alaska Liquified Natural Gas pipeline project for the fiscal years ending June 30, 2025, 2026, and 2027. Additionally, it appropriates $15,000,000 to the disaster relief fund for capitalization purposes.

The bill also includes provisions regarding the lapse of appropriations, stating that the unexpended balance from the Alaska Industrial Development and Export Authority appropriation will lapse into the general fund on June 30, 2027, while the disaster relief fund appropriation will not lapse. Furthermore, the bill includes a retroactivity clause, indicating that if it takes effect after June 30, 2025, it will be retroactive to July 1, 2024. The bill is set to take effect immediately upon passage.