00                             SENATE BILL NO. 239                                                                         
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 of Royalty Oil between and among the State of Alaska, Petro Star                                
09 Inc., and Arctic Slope Regional Corporation," attached as Exhibit 1 to the March 18, 2022                               
10 "Final Best Interest Finding and Determination for the Sale of Alaska North Slope Royalty                               
11 Oil to Petro Star Inc."                                                                                                 
12    * Sec. 2.  This Act takes effect immediately under AS 01.10.070(c).