The bill titled "An Act relating to the regulation of liquefied natural gas import facilities by the Regulatory Commission of Alaska" proposes the repeal of AS 42.05.711(v). This change indicates a shift in the regulatory framework governing liquefied natural gas import facilities in Alaska, potentially streamlining or altering the existing oversight mechanisms.

By removing this specific section of the law, the bill aims to update or simplify the regulatory process for liquefied natural gas imports, although the exact implications of this repeal are not detailed in the provided text. The action reflects a legislative intent to adapt to changing energy needs or regulatory environments in the state.