SB 30: "An Act approving and ratifying the sale of royalty oil by the State of Alaska to Petro Star Inc.; and providing for an effective date."
00 SENATE BILL NO. 30 01 "An Act approving and ratifying the sale of royalty oil by the State of Alaska to Petro 02 Star Inc.; and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. The uncodified law of the State of Alaska is amended by adding a new section 05 to read: 06 ROYALTY OIL SALE CONTRACT WITH PETRO STAR INC. APPROVED AND 07 RATIFIED. In accordance with AS 38.06.055, the legislature approves and ratifies the 08 Agreement for the sale and purchase of state royalty oil between and among the State of 09 Alaska and Petro Star Inc. and Arctic Slope Regional Corporation, attached as Exhibit 1 to the 10 "Final Best Interest Finding and Determination for the Sale of Alaska North Slope Royalty 11 Oil to Petro Star Inc." dated September 15, 2016. 12 * Sec. 2. This Act takes effect immediately under AS 01.10.070(c).