SB 205: "An Act approving and ratifying the sale of royalty oil by the State of Alaska to Tesoro Corporation and Tesoro Refining and Marketing Company LLC; and providing for an effective date."
00 SENATE BILL NO. 205 01 "An Act approving and ratifying the sale of royalty oil by the State of Alaska to Tesoro 02 Corporation and Tesoro Refining and Marketing Company LLC; and providing for an 03 effective date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. The uncodified law of the State of Alaska is amended by adding a new section 06 to read: 07 ROYALTY OIL SALE CONTRACT WITH TESORO CORPORATION AND 08 TESORO REFINING AND MARKETING COMPANY LLC APPROVED AND 09 RATIFIED. The legislature approves and ratifies the agreement for the sale and purchase of 10 state royalty oil between and among the State of Alaska and Tesoro Corporation and Tesoro 11 Refining and Marketing Company LLC, attached as Exhibit 1 to the "Final Best Interest 12 Finding and Determination for the Sale of Alaska North Slope Royalty Oil to Tesoro Refining 13 and Marketing Company LLC" dated March 17, 2016. This section constitutes legislative 14 approval under AS 38.06.055.
01 * Sec. 2. This Act takes effect immediately under AS 01.10.070(c).