The bill amends AS 31.25.005 to enhance the responsibilities of the Alaska Gasline Development Corporation in developing an in-state natural gas pipeline. Key insertions include the requirement for the corporation to advance an in-state natural gas pipeline that must include a direct spur line to the City of Fairbanks and the Fairbanks North Star Borough. The bill emphasizes the importance of delivering natural gas, including propane and other hydrocarbons, to various regions in Alaska at the lowest possible rates, while also ensuring economic benefits and revenue generation for the state.

Additionally, the bill outlines the corporation's role in assisting state departments to maximize the value of the state's natural gas resources and developing infrastructure for an Alaska liquefied natural gas project. The corporation is also tasked with providing services related to transportation and liquefaction without charging excessive fees. The act is set to take effect immediately upon passage.

Statutes affected:
SB0114A, AM SB 114, introduced 02/28/2025: 31.25.005