HB 109: "An Act relating to the duties and powers of the attorney general with respect to certain settlements directly related to oil and gas leases; providing exceptions for certain tax and regulatory matters; and providing for an effective date."
00 HOUSE BILL NO. 109 01 "An Act relating to the duties and powers of the attorney general with respect to certain 02 settlements directly related to oil and gas leases; providing exceptions for certain tax 03 and regulatory matters; and providing for an effective date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. AS 43.05.070 is amended by adding a new subsection to read: 06 (c) AS 44.23.020(i) does not apply to the approval of the attorney general 07 under (a) and (b) of this section. 08 * Sec. 2. AS 44.23.020(d) is amended to read: 09 (d) Except as provided in (i) of this section, the [THE] attorney general 10 may, subject to the power of the legislature to enact laws and make appropriations, 11 settle actions, cases, and offenses under (b) of this section. 12 * Sec. 3. AS 44.23.020 is amended by adding new subsections to read: 13 (i) Before finalizing a settlement on a civil action directly related to an oil and 14 gas lease under AS 38.05.005 - 38.05.990 (Alaska Land Act), the attorney general
01 shall determine that the settlement 02 (1) is limited to issues necessary to settle the action; 03 (2) does not include matters unrelated to the action; and 04 (3) does not alter constitutional, statutory, or regulatory procedures 05 required by law. 06 (j) Subsection (i) of this section does not apply to matters under (e) of this 07 section, or to matters related to an oil and gas pipeline or a products pipeline under the 08 jurisdiction of the Regulatory Commission of Alaska or another regulatory agency. 09 (k) For the purpose of this section, "oil and gas lease" has the meaning given 10 in AS 43.55.900. 11 * Sec. 4. The uncodified law of the State of Alaska is amended by adding a new section to 12 read: 13 APPLICABILITY. AS 44.23.020(d), as amended by sec. 2 of this Act, and 14 AS 44.23.020(i), added by sec. 3 of this Act, apply to settlements entered into by the attorney 15 general on or after the effective date of this Act. 16 * Sec. 5. This Act takes effect immediately under AS 01.10.070(c).