An Act approving and ratifying the sale of royalty oil by the State of Alaska to Marathon Petroleum Supply and Trading Company LLC; and providing for an effective date.
SB 176 approves the State of Alaska's sale of North Slope royalty oil to Marathon Petroleum Supply and Trading Company LLC, as specified in an existing contract. It directly affects Alaska's state treasury by authorizing this specific sale of oil revenues. The bill ratifies the pre-existing agreement without creating new policies or altering existing laws, simply confirming legislative approval of the contract dated April 14, 2025.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2025
Committee Review
Floor Vote
Governor
Introduced Apr 15, 2025
Last action Apr 28, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
18
Key actions
1
Committee
2
Apr 28, 2025
Committee
(S) REFERRED TO FINANCE
upper
Apr 25, 2025
Upper · Passed
(S) Moved SB 176 Out of Committee
upper
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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