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 corporation's responsibility to develop natural gas pipelines and an Alaska liquefied natural gas project, ensuring economic benefits and revenue for the state. Notably, the bill mandates that any in-state natural gas pipeline must include a direct spur line to the City of Fairbanks and the Fairbanks North Star Borough. Additionally, the corporation is tasked with assisting state departments to maximize the value of the state's natural gas resources.

Furthermore, the bill introduces a new subsection to the gas production tax law, requiring 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