An Act relating to an in-state natural gas pipeline developed by the Alaska Gasline Development Corporation; and providing for an effective date.

SB 114 amends Alaska law to clarify the Alaska Gasline Development Corporation's mandate, requiring it to prioritize developing an in-state natural gas pipeline for direct delivery to Fairbanks and Southcentral communities. The bill mandates that the pipeline must operate safely, economically, and provide natural gas (including propane) at the lowest possible rates to residents and businesses. It specifically requires a direct pipeline spur to Fairbanks and the Fairbanks North Star Borough, while also outlining the corporation's role in advancing liquefied natural gas projects. The legislation focuses on maximizing state benefits from natural gas resources without specifying new funding or tax changes.