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 a specific provision in the current law, AS 42.05.711(v). This change indicates a shift in the regulatory framework governing liquefied natural gas import facilities in Alaska, although the specific implications of the repeal are not detailed in the text provided.

By removing this section, the bill may aim to streamline regulations or eliminate outdated provisions that no longer serve the intended purpose. The overall goal appears to be to enhance the regulatory environment for liquefied natural gas import facilities, potentially fostering a more efficient and effective oversight process by the Regulatory Commission of Alaska.