But the money is contingent upon the Alaska Energy Authority, or AEA, securing land access permits required for field studies and other work.
AEA is the group pursuing the massive project between Anchorage and Fairbanks.
Parnell proposed the funding as part of his amended supplemental budget for the current fiscal year. The dam funding brings the total supplemental package to about $86 million.
AEA had wanted $110 million to complete its initial study report and prepare its license application for the Federal Energy Regulatory Commission during the upcoming fiscal year.
Parnell included $10 million in next years budget, saying he wanted to see greater progress on the land access agreements.
More Northwest Headlines
Fire in Olympic National Park raises concerns 12:28 p.m. New Spokane NAACP head looks to future after Dolezal scandal 12:27 p.m. Gov. Inslee to give speech at climate summit in Canada 12:23 p.m. Triple overtime session continues in Olympia 3:19 p.m. Blaze burns homes, forces evacuations in upscale Idaho area 3:05 p.m. Anacortes makes water available to Skagit farmers 12:30 p.m. Poulsbo woman is new national PTA president 12:25 p.m. Sheriff seeking info on person at start of Wenatchee wildfire 12:23 p.m.
Our new comment system is not supported in IE 7. Please upgrade your browser here.