00                             SENATE BILL NO. 146                                                                         
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. In accordance with AS 38.06.055, the legislature approves and ratifies the                                    
10 proposed Amendment to Agreement for the Sale of Royalty Oil attached as Exhibit 1 to the                                
11 final best interest finding and determination executed January 9, 2014, by the Department of                            
12 Natural Resources regarding the amendment of the Agreement for the Sale Of Royalty Oil                                  
13 Between and Among the State of Alaska and Tesoro Corporation, a Delaware Corporation                                    
14 and Tesoro Refining and Marketing Company LLC, a Delaware Limited Liability Company,                                    
01 October 25, 2013.                                                                                                       
02    * Sec. 2. This Act takes effect immediately under AS 01.10.070(c).