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.

By removing this section, the bill aims to streamline or modify the existing regulations, potentially impacting how liquefied natural gas import facilities are managed and overseen by the Regulatory Commission of Alaska. The implications of this repeal may affect industry practices and regulatory compliance in the state.