AK SB35

Commissioner of Revenue shall offer individuals the opportunity to participate as co-owners in an Alaska liquefied natural gas project.

Individuals receiving an ownership interest shall receive written notice and a transferable certificate of ownership from the state.

State is not liable for any decline in value of ownership interests acquired under this program.

If the state receives dividends or income from the project, it shall distribute the proportionate share to individual owners as soon as practicable, with individuals responsible for applicable taxes on payments.

Commissioner must report to the legislature within 30 days of each regular session on the number of applicants, total money received, and amount invested in the state's ownership interest.