Bill > HB119

This bill modifies Alaska's existing laws to explicitly mandate that the Alaska Gasline Development Corporation (AGDC) include a direct spur line to the City of Fairbanks and the Fairbanks North Star Borough when developing in-state natural gas pipelines. The legislation amends two statutes: AS 31.25.005, which outlines the corporation's purpose, and AS 43.55.011, which addresses gas tax accounting. Specifically, the bill requires the AGDC to develop natural gas pipelines with a direct connection to Fairbanks as part of its core mission to deliver natural gas in-state for the maximum benefit of Alaskans. Additionally, the bill instructs the state's Department of Revenue to separately track tax revenues from gas transported through pipelines developed under this mandate, with the potential for future legislative appropriation to fund natural gas line connections to businesses and residences. The bill aims to enhance natural gas infrastructure and accessibility in the Fairbanks area, potentially lowering energy costs and improving energy security for local communities. The legislation takes effect immediately upon passage.

Agriculture and Natural Resources, Government Affairs

https://www.akleg.gov/basis/Bill/Detail/34?Root=HB119