00                      CS FOR SENATE BILL NO. 2002(JUD)                                                                   
01 "An Act conferring original jurisdiction on the Alaska Supreme Court for the purpose                                    
02 of providing judicial review of a contract executed under the Alaska Stranded Gas                                       
03 Development Act, and setting the time in which a final agency decision of the                                           
04 commissioner of revenue made under that Act, the constitutionality of a law authorizing                                 
05 a contract enacted under that Act, or the enforceability of a contract executed under a                                 
06 law authorizing a contract enacted under that Act must be legally challenged and by                                     
07 whom; and providing for an effective date."                                                                             
08 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
09    * Section 1. AS 43.82.440 is repealed and reenacted to read:                                                       
10            Sec. 43.82.440. Judicial review. (a) The Alaska Supreme Court has original                                 
11       and exclusive jurisdiction of any judicial review of a contract developed under this                              
12       chapter. Notwithstanding any other provision of law, a person may not bring an action                           
13       challenging a final agency decision of the commissioner of revenue made under                                     
01       AS 43.82.430(c), the constitutionality of a law authorizing a contract enacted under                              
02       AS 43.82.435, or the enforceability of a contract executed under a law authorizing a                              
03       contract enacted under this chapter until that contract has been executed and unless the                          
04       action is commenced within 120 days after the date that the contract was executed by                              
05       the state and the other parties to the contract.                                                                  
06            (b)  In this section, "person" means an individual, firm, copartnership,                                     
07       corporation, company, association, joint stock association, or body politic, and                                  
08       includes a trustee, receiver, assignee, or similar representative.                                                
09    * Sec. 2. This Act takes effect immediately under AS 01.10.070(c).