The bill proposes supplemental appropriations from the general fund for specific projects and funds in Alaska. It allocates $50,000,000 to the Alaska Industrial Development and Export Authority to reimburse expenditures related to 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, which is intended for fund capitalization and will not lapse.

The bill also includes provisions regarding the lapse of appropriations, stating that the unexpended balance from the first section will revert to the general fund on June 30, 2027, while the second appropriation will remain intact. Furthermore, it establishes that if the Act takes effect after June 30, 2025, it will be retroactive to July 1, 2024, and it will take effect immediately under existing law.