AK HB354

Authorizes issuance of general obligation bonds in the principal amount of not more than $200,000,000, subject to voter ratification, for the purpose of trucking natural gas to Fairbanks.

Establishes a "natural gas trucking fund" to receive bond sale proceeds (excluding accrued interest and premiums) if voters approve the bond issuance.

Appropriates $200,000,000 from the natural gas trucking fund to the Alaska Industrial Development and Export Authority to finance transportation of natural gas by truck from the North Slope to Fairbanks by a non-profit entity or licensed utility.

Appropriates up to $1,000,000 from the general fund to the state bond committee for expenses related to bond sale and issuance, to be reimbursed from bond proceeds.

Requires the bond question to be submitted to qualified voters at the next general election asking whether the state should issue $200,000,000 in general obligation bonds for trucking natural gas.