AK SB50

Amends the definition of "qualified energy development" to allow natural gas pipelines with a diameter of 12 inches or less that transport natural gas to Interior Alaska to qualify for financing, removing the previous exclusion for such pipelines.

Authorizes the Alaska Industrial Development and Export Authority to provide up to $275,000,000 in financing for development and construction of a liquefied natural gas production plant and natural gas distribution systems serving Interior Alaska as the primary market.

Requires the Alaska Industrial Development and Export Authority to submit quarterly reports to the legislature detailing project progress, local distribution infrastructure status, customer conversions, and financial accounting of all funds expended and anticipated.

Mandates the authority use an open and competitive solicitation process to select private entities to participate in developing the liquefied natural gas production plant and affiliated infrastructure.

Repeals the reporting requirement on June 30, 2025, and takes effect immediately.