AK House Majority
The 27th Alaska State Legislature, 2011 - 2012  Print Friendly Version 
Press Release: House Majority Press

House Acts to Create In-State Gasline Fund

Speaker's HB 203 Puts Fund in AK Gasline Development Corp. for Development
Ak Legislative MajorityAk Legislative Majority
Rep. Mike Chenault R-28
Ak House Majority

Rep. Mike Chenault
(R-28)

Speaker of the House
Chair, (H) CCM Com.
Co-Chair, (L) HECR Com.
Ak Majority Organization

Ak Majority Organization

Posted: April 5, 2011
Contact: Tom Wright, 465-6618, Chief of Staff


(Juneau) - The Alaska State House of Representatives today passed legislation creating a fund the state could invest in to help pay for the planning, development and construction of an in-state natural gas pipeline.

Ak St Legislature Majority

Ak St Legislature Majority... providing gas for Alaskans to heat their homes and businesses is - and should continue to be - a paramount goal for this Legislature.
~ Sen. Anna FaircloughAk St Legislature Majority

Ak St Legislature Majority

House Bill 203, sponsored by House Speaker Mike Chenault, R-Nikiski, creates the In-State Gas Pipeline Fund within the Alaska Gasline Development Corporation (AGDC,) a subsidiary of the Alaska Housing Finance Corporation. The fund would be repealed 90 days after construction on the line has been completed.

"HB 203 streamlines the funding process for the many aspects of the in-state gas pipeline process," Speaker Chenault said, referring to prior year appropriations to different state agencies on in-state gas development. "The fund will eliminate the need for multiple appropriations; allow better and easier accounting on expenditures; and give AGDC more control over planning and development of the project."

The corporation is still in the information-gathering and modeling stages for the project, dubbed the Alaska Stand Alone Pipeline, or ASAP. The Legislature created the corporation through passage of the Speaker's HB 369 in 2010 to facilitate the construction of an in-state gasline. The corporation will present a report on their progress and development/construction options by July 1.

"Two of our Caucus's Guiding Principles are Responsible Resource Development and Access to Affordable Energy, and continuing to help facilitate and build the ASAP project fits with those goals," House Finance Vice-Chair Anna Fairclough, R-Eagle River, said. "Cook Inlet production concerns are a threat to the entire Railbelt region, and providing gas for Alaskans to heat their homes and businesses is - and should continue to be - a paramount goal for this Legislature."

HB 203 now moves to the Alaska Senate for consideration.

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2011-04-05 : 00:32 : [AUDIO] Speaker Chenault Comments on the Passage of His HB 203 by the House
 Download Audio  [MP3:]



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