Alaska 32nd Legislature (2021-2022) Status: Enacted

SB 240 — 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.

Last action — (S) EFFECTIVE DATE(S) OF LAW 4/20/22

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced March 25, 2022. Enacted.

Prognosis

Likely to advance 70% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

27 added · 29 removed

Plain-language change summary

The updated version of SB 240 clarifies the contract details of the royalty oil sale between the State of Alaska and Marathon Petroleum, specifically by including the full title of the agreement and the date it was finalized. These changes enhance the transparency of the agreement and ensure that all relevant details are clearly documented. This matters because it helps the public understand the state's transactions related to natural resources and the associated legal frameworks.

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Latest
32-GS2122\A SENATE BILL NO.
LAWS OF ALASKA Source Chapter No.
240 IN THE LEGISLATURE OF THE STATE OF ALASKA THIRTY-SECOND LEGISLATURE - SECOND SESSION BY THE SENATE RULES COMMITTEE BY REQUEST OF THE GOVERNOR Introduced:
SB 240 _______ AN ACT Approving and ratifying the sale of royalty oil by the State of Alaska to Marathon Petroleum Supply and Trading Company LLC;
3/25/22 Referred:
and providing for an effective date.
Resources, Finance A BILL FOR AN ACT ENTITLED "An Act approving and ratifying the sale of royalty oil by the State of Alaska to Marathon Petroleum Supply and Trading Company LLC;
_______________ BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:
and providing for an effective date." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:
THE ACT FOLLOWS ON PAGE 1 Enrolled SB 240 AN ACT Approving and ratifying the sale of royalty oil by the State of Alaska to Marathon Petroleum Supply and Trading Company LLC;
* Section 1.
and providing for an effective date.
_______________ * Section 1.
In accordance with AS 38.06.055, the legislature approves and ratifies the "Agreement for the Sale of Royalty Oil between and among the State of Alaska, and Marathon Petroleum Supply and Trading Company LLC, a Delaware Limited Liability Company and Marathon Petroleum Corporation, a Delaware Corporation," attached as Exhibit 1 to the March 18, 2022 "Final Best Interest Finding and Determination for the Sale of Alaska North Slope Royalty Oil to Marathon Petroleum Supply and Trading Company LLC." SB0240A -1- SB 240 New Text Underlined [DELETED TEXT BRACKETED] 32-GS2122\A * Sec.
In accordance with AS 38.06.055, the legislature approves and ratifies the Agreement for the Sale of Royalty Oil between and among the State of Alaska, Marathon Petroleum Supply and Trading LLC, a Delaware Limited Liability Company, and Marathon Petroleum Corporation, a Delaware Corporation, attached as Exhibit 1 to the "Final Best Interest Finding and Determination for the Sale of Alaska North Slope Royalty Oil to Marathon Petroleum Supply and Trading Company LLC" dated March 18, 2022.
* Sec.
SB 240 -2- SB0240A New Text Underlined [DELETED TEXT BRACKETED]
-1- Enrolled SB 240
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Action History

  1. (S) EFFECTIVE DATE(S) OF LAW 4/20/22

  2. (S) Signed into law 4/19 CHAPTER 3 SLA 22

  3. (S) 10:40 A.M. 4/19/22 Transmitted to Governor

  4. (S) MANIFEST ERROR(S)

  5. (H) Minutes (HFIN)

  6. (H) Moved SB 240 Out of Committee -- Recessed to 10 Minutes Following Session --

  7. (H) FINANCE at 01:30 PM ADAMS 519

  8. (H) VERSION: SB 240

  9. (H) RETURN TO (S), TRANSMIT TO GOV NEXT

  10. (H) EFFECTIVE DATE(S) SAME AS PASSAGE

  11. (H) PASSED Y31 E9

  12. (H) READ THE THIRD TIME SB 240

  13. (H) ADVANCED TO THIRD READING UC

  14. (H) READ THE SECOND TIME

  15. (H) RULES TO CALENDAR 4/14/2022

  16. (H) FN2: (DNR)

  17. (H) DP: ORTIZ, EDGMON, LEBON, CARPENTER, JOHNSON, WOOL, JOSEPHSON, MERRICK, FOSTER

  18. (H) FIN RPT 9DP

  19. (H) MOVED TO BOTTOM OF CALENDAR

  20. (H) RULES TO CALENDAR PENDING FIN RPT

  21. (H) FIN

  22. (H) READ THE FIRST TIME - REFERRALS

  23. (S) VERSION: SB 240

  24. (S) TRANSMITTED TO (H)

  25. (S) EFFECTIVE DATE(S) SAME AS PASSAGE

  26. (S) PASSED Y14 N- E2 A4

  27. (S) READ THE THIRD TIME SB 240

  28. (S) ADVANCED TO THIRD READING UC

  29. (S) READ THE SECOND TIME

  30. (S) RULES TO CALENDAR 4/12/2022

  31. (S) Minutes (SFIN)

  32. (S) Moved SB 240 Out of Committee

  33. (S) FINANCE at 09:00 AM SENATE FINANCE 532

  34. (S) FN1: (DNR)

  35. (S) NR: STEDMAN, WILSON, WIELECHOWSKI

  36. (S) DP: BISHOP, HOFFMAN, VON IMHOF

  37. (S) FIN RPT 3DP 3NR

  38. (S) Minutes (SFIN)

  39. (S) Heard & Held

  40. (S) FINANCE at 01:00 PM SENATE FINANCE 532

  41. (S) FN1: (DNR)

  42. (S) DP: MICCICHE, KIEHL, BISHOP, STEVENS

  43. (S) RES RPT 4DP

  44. (S) Minutes (SRES)

  45. (S) Moved SB 240 Out of Committee

  46. (S) RESOURCES at 03:30 PM BUTROVICH 205

  47. (S) -- MEETING CANCELED --

  48. (S) RESOURCES at 03:30 PM BUTROVICH 205

  49. (S) Minutes (SRES)

  50. (S) Scheduled but Not Heard

  51. (S) RESOURCES at 03:30 PM BUTROVICH 205

  52. (S) FINDINGS REPORT (PER AS 38.06.050 & AS 38.05.183)

  53. (S) GOVERNOR'S TRANSMITTAL LETTER

  54. (S) FN1: (DNR)

  55. (S) RES, FIN

  56. (S) READ THE FIRST TIME - REFERRALS

Sponsors

  • SENATE RULES BY REQUEST OF THE GOVERNOR · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 64 not signed on

Sponsors (1)

  • SENATE RULES BY REQUEST OF THE GOVERNOR

Co-sponsors (0)

None.

Not signed on (64)

64 members have not signed on to this bill.

Show all 64 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Subjects

energy
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Frequently asked questions

Who sponsors SB 240?
SB 240 is sponsored by SENATE RULES BY REQUEST OF THE GOVERNOR.
What is the current status of SB 240?
This bill has been enacted into law. Introduced March 25, 2022. Enacted.
Where can I track SB 240?
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Last checked for changes 3 months ago · updated continuously

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