Alaska 2025-2026 Regular Session

Alaska Senate Bill SB176 Compare Versions

Only one version of the bill is available at this time.
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1111 SENATE BILL NO. 176
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1313 IN THE LEGISLATURE OF THE STATE OF ALASKA
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1515 THIRTY-FOURTH LEGISLATURE - FIRST SESSION
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1717 BY THE SENATE RULES COMMITTEE BY REQUEST OF THE GOVERNOR
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1919 Introduced: 4/15/25
2020 Referred: Resources, Finance
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2323 A BILL
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2525 FOR AN ACT ENTITLED
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2727 "An Act approving and ratifying the sale of royalty oil by the State of Alaska to 1
2828 Marathon Petroleum Supply and Trading Company LLC; and providing for an 2
2929 effective date." 3
3030 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 4
3131 * Section 1. The uncodified law of the State of Alaska is amended by adding a new section 5
3232 to read: 6
3333 ROYALTY OIL SALE CONTRACT WITH MARATHON PETROLEUM SUPPLY 7
3434 AND TRADING COMPANY LLC APPROVED AND RATIFIED. In accordance wi th 8
3535 AS 38.06.055, the legislature approves and ratifies the Agreement for the Sale of Royalty Oil 9
3636 between and among the State of Alaska, Marathon Petroleum Supply and Trading Company 10
3737 LLC, a Delaware Limited Liability Company, and Marathon Petroleum Corporation, a 11
3838 Delaware Corporation, attached as Exhibit 1 to the "Final Best Interest Finding and 12
3939 Determination for the Sale of Alaska North Slope Royalty Oil to Marathon Petroleum Supply 13
4040 and Trading Company LLC" dated April 14, 2025. 14 34-GS1086\A
4141 SB 176 -2- SB0176A
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4444 * Sec. 2. This Act takes effect immediately under AS 01.10.070(c). 1