Establishes the Alaska Gasline Finance Corporation to finance a natural gas pipeline.
The bill establishes the Alaska Gasline Finance Corporation within the Department of Revenue. The corporation, managed by a board of directors, aims to finance a natural gas pipeline in the state. The board consists of four public members and the commissioner of revenue. The governor appoints the public members, considering expertise in natural gas project financing. The corporation can offer shares in the natural gas pipeline with no minimum or maximum investment amount. It can also contract for services necessary to finance the pipeline.
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