This bill amends existing laws to enhance the development of an in-state natural gas pipeline by the Alaska Gasline Development Corporation. Key provisions include the requirement for the corporation to advance an in-state natural gas pipeline that includes a direct spur line to the City of Fairbanks and the Fairbanks North Star Borough. The bill emphasizes the corporation's responsibility to ensure that natural gas, including propane and other hydrocarbons, is delivered to various regions of Alaska at the lowest possible rates while providing economic benefits and revenue to the state.

Additionally, the bill introduces a new subsection to the gas production tax law, mandating the Department of Revenue to separately account for taxes levied on gas transported through the newly developed pipeline infrastructure. This accounted amount can then be appropriated by the legislature for constructing natural gas line connections to businesses and residences. The bill is set to take effect immediately upon passage.

Statutes affected:
HB0119A, AM HB 119, introduced 02/26/2025: 31.25.005
HB0119B, AM CSHB 119(STA), introduced 05/07/2025: 31.25.005, 38.34.040, 43.55.011