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AK SB176

Bill

Official Source

Status

Introduced

4/15/2025

Primary Sponsor

Rules

Click for details

Origin

Senate

34th Legislature

AI Summary

  • Approves and ratifies the sale of Alaska North Slope royalty oil from the State of Alaska to Marathon Petroleum Supply and Trading Company LLC

  • Marathon Petroleum Corporation serves as guarantor under the agreement

  • Sale authorized under AS 38.06.055, which requires legislative approval for royalty oil sale contracts

  • Agreement details contained in the "Final Best Interest Finding and Determination" dated April 14, 2025

  • Takes effect immediately upon passage

Legislative Description

Approve Marathon Petro Royalty Oil Sale

Oil & Gas

Last Action

REFERRED TO FINANCE

4/28/2025

Committee Referrals

Finance4/28/2025
Resources4/15/2025

Full Bill Text

No bill text available