Title 31 — Oil and Gas
4 chapters · 72 sections in this title.
AS 31.25.080 Powers and duties.
8.3K chars
(a) In addition to other powers granted in this chapter, the corporation may (1) determine the form of ownership and the operating structure of an in-state natural gas pipeline developed by the corporation and may enter into agreements with other persons for joint ownership, join…
AS 31.25.090 Confidentiality; interagency cooperation.
6.5K chars
(a) The corporation shall have access to information of departments, agencies, and public corporations of the state that is directly related to the planning, financing, development, acquisition, maintenance, construction, or operation of an in-state natural gas pipeline. The corp…
AS 31.25.100 In-state natural gas pipeline fund.
0.8K chars
The in-state natural gas pipeline fund is established in the corporation and consists of money appropriated to it. The corporation shall determine fund management and may contract with the Department of Revenue for fund management. Unless otherwise provided by law, money appropri…
AS 31.25.110 Alaska liquefied natural gas project fund.
1.1K chars
The Alaska liquefied natural gas project fund is established in the corporation and consists of money appropriated to it. The corporation shall determine fund management and may contract with the Department of Revenue for fund management. If money is appropriated to the fund to f…
AS 31.25.120 Creation of subsidiaries.
1.4K chars
The corporation may create subsidiary corporations for the purpose of developing, constructing, operating, and financing in-state natural gas pipeline projects or other transportation mechanisms; for the purpose of aiding in the development, construction, operation, and financing…
AS 31.25.130 Administrative procedure; regulations.
3.1K chars
(a) Except for AS 44.62.310 — 44.62.319 (Open Meetings Act), AS 44.62 (Administrative Procedure Act) does not apply to this chapter. The corporation shall make available to members of the public copies of the regulations adopted under (b) — (e) of this section. (b) The board may …
AS 31.25.140 Exemption from the State Procurement Code; application of the Executive Budget Act; corporation finances.
0.0K chars
Article 2. Bonds and Notes.
AS 31.25.160 Bonds and notes.
8.0K chars
(a) The corporation may, by resolution, issue bonds and bond anticipation notes to provide funds to carry out its purposes. (b) The principal of and interest on the bonds or notes are payable from corporation funds. Bond anticipation notes may be payable from the proceeds of the …
AS 31.25.170 Independent financial advisor.
0.2K chars
In negotiating the sale of bonds or bond anticipation notes to an underwriter, the corporation may retain a financial advisor. A financial advisor retained under this section must be independent from the underwriter.
AS 31.25.180 Validity of pledge.
0.7K chars
The pledge of assets or revenue of the corporation to the payment of the principal of or interest on an obligation of the corporation is valid and binding from the time the pledge is made, and the assets or revenue are immediately subject to the lien of the pledge without physica…
AS 31.25.190 Capital reserve funds.
4.0K chars
(a) The corporation may not establish a capital reserve fund as described in this section except as expressly authorized by law. The enactment of this section does not express that authorization. Upon enactment of a law expressly authorizing the establishment of a capital reserve…
AS 31.25.200 Remedies.
0.6K chars
A holder of obligations or coupons attached to them issued under this chapter, and a trustee under a trust agreement or resolution authorizing the issuance of the obligations, except as restricted by a trust agreement or resolution, either at law or in equity, (1) may enforce all…
AS 31.25.210 Negotiable instruments.
0.2K chars
All obligations and interest coupons attached to them are negotiable instruments under the laws of this state, subject only to applicable provisions for registration.
AS 31.25.220 Obligations eligible for investment.
0.6K chars
Obligations issued under this chapter are securities in which all public officers and public bodies of the state and its political subdivisions and all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees, and other…
AS 31.25.230 Refunding obligations.
0.9K chars
(a) The corporation may provide for the issuance of refunding obligations for the purpose of refunding obligations then outstanding that have been issued under this chapter, including the payment of the redemption premium on them and interest accrued or to accrue to the date of r…
AS 31.25.240 Credit of state not pledged.
1.5K chars
Article 3. General Provisions. (a) Obligations issued under this chapter do not constitute a debt, liability, or obligation of the state or of a political subdivision of the state or a pledge of the faith and credit of the state or of a political subdivision of the state but are …
AS 31.25.250 Limitation on personal liability.
0.2K chars
A member of the board or other officer of the corporation or a subsidiary of the corporation is not subject to personal liability or accountability because the member or officer executed or issued an obligation.
AS 31.25.260 Tax exemption.
1.0K chars
(a) The exercise of the powers granted by this chapter is, in all respects, for the benefit of the people of the state, for their well-being and prosperity, and for the improvement of their social and economic conditions, and the corporation is not required to pay a tax or assess…
AS 31.25.270 Annual report; final report.
1.5K chars
(a) The corporation shall prepare and transmit annually a report to the governor accounting for the efficient discharge of all responsibility assigned by law or by directive to the corporation. The corporation shall notify the legislature that the report is available. (b) By Janu…
AS 31.25.390 Definitions.
3.2K chars
In this chapter, unless the context clearly indicates a different meaning, (1) “Alaska liquefied natural gas project” means a natural gas project as described in AS 31.25.005(5) that includes collectively, the Prudhoe Bay unit gas transmission line, the Point Thomson unit gas tra…
AS 31.30.010 Damages for wrongful extraction of oil or gas.
0.6K chars
(a) If oil or gas has been or is extracted from any existing or subsequently drilled well by any person without right but who asserts a claim of right in good faith or who is acting under an honest belief as to the law or the facts, the measure of damages, if there is any right o…
AS 31.30.040 Secs. 31.30.040 — 31.30.070. Gas pipeline impact committee. [Repealed, § 4 ch 170 SLA 1975.]
0.0K chars
[Repealed or reserved.]