AK HB362

Amends AS 38.05.183(e) to modify criteria the commissioner must consider when awarding non-competitive sales of state royalty oil or gas, removing article references from cash value and economic effects criteria while adding new emphasis on in-state consumption and processing benefits.

Adds "extent to which the royalty oil or gas will be consumed in the state" as an explicit consideration factor for the commissioner in evaluating proposals.

Amends AS 38.06.070(b) to remove the "economically feasible" requirement, allowing the Alaska Royalty Oil and Gas Development Advisory Board to recommend in-state refining, processing, or consumption conditions based solely on public interest.

Adds a new fourth recommendation option allowing the board to require purchasers to first offer royalty oil or gas for sale for consumption within Alaska.

Restructures the numbered list of criteria the board may recommend as conditions of royalty oil or gas sales, consolidating and clarifying language throughout.