INITIATIVE PETITION BILL LANGUAGE
by Petition Sponsors

Petition ID: 01GSLN
The All-Alaskan Gasline Initiative:
An Act establishing the Alaska Natural Gas Development Authority,
to maximize revenues for Alaska and jobs and gas for Alaskans

Posted 9/20/01

Proposed Bill:

BE IT ENACTED BY THE PEOPLE OF THE STATE OF ALASKA:

* Section 1. The uncodified law of the State of Alaska is amended by adding a new section to read:

FINDINGS AND INTENT. (a) The people find that
  1. The Phillips-Marathon liquefaction facility at Nikiski has been supplying Cook Inlet natural gas to Japan and Southcentral Alaska at great profit and without interruption since 1969;
  2. Cook Inlet gas supplies are dwindling rapidly with shortfalls anticipated as early as the winter of 2003;
  3. Alaska's North Slope contains vast proven reserves of natural gas that have been known for at least 25 years but have never been developed;
  4. these gas resources have never been offered for sale, because there has been no way to transport them to market;
  5. multiple markets in North America and Asia have recently expressed an interest in receiving a proposal from Alaska for the purchase of Alaska gas;
  6. if developed, these natural gas resources could represent substantial economic benefits to Alaskans in jobs, state revenue, and gas for Alaska citizens and businesses;
  7. the major North slope leaseholders have competing gas reserves in other parts of the world vying for the same markets, creating a conflict of interest for them in advancing the sales of Alaska gas;
  8. the North slope Producers agreed in 1991 to strand North Slope gas until at least 2005;
  9. given the producer's conflicts of interest and their historic refusal to make North Slope natural gas available it may be necessary to take the gas back;
  10. the permits necessary for an Alaskan gasline project have been pledged to the Alaska Natural Gas Development Authority, operating as a port authority, to facilitate the development of the project;
  11. there is sufficient gas for an all-Alaskan gasline project;
  12. the Alaska Natural Gas Development Authority offers substantial tax benefits that improve the economics of a gasline project;
  13. state ownership of the pipeline and associated facilities has the potential to provide substantial revenues to the state and the Alaska Permanent Fund; and
  14. Alaska's constitution requires that Alaska's resources are developed, utilized, and conserved for the maximum benefit of Alaska's people.
  15. an all-Alaskan gasline maximizes jobs for Alaskans, revenues for the Alaskan treasury, and access to gas for Alaskans.
(b) It is the intent of this Act to create the All-Alaskan Natural Gas Development Authority for the purpose of developing, constructing, managing, and operating a gas pipeline from the North Slope of Alaska and a spur line to the Southcentral Alaska natural gas distribution grid.

*Sec. 2. AS 41 is amended by adding a new chapter to read:

Chapter 41. Alaskan Natural Gas Development Authority.
Article 1. Establishment of the Authority.

*Sec. 3. AS 39.25.110(11) is amended by adding a new subparagraph to read:

*Sec. 4. AS 39.50.200(b) is amended by adding a new paragraph to read:

*Sec. 5. The uncodified law of the State of Alaska is amended by adding a new section to read:

*Sec. 6. The uncodified law of the State of Alaska is amended by adding a new section to read: