The Alaska Gasline Development Corporation is a public corporation and government instrumentality acting in the best interest of the state for the purposes required by AS 31.25.005 , located for administrative purposes in the Department of Commerce, Community, and Economic Development, but having a legal existence independent of and separate from the state. The corporation may not be terminated as long as it has bonds, notes, or other obligations outstanding. The corporation may dissolve when no bonds, notes, or other obligations of the corporation or a subsidiary of the corporation are outstanding and the corporation or a subsidiary of the corporation is no longer engaged in the development, financing, construction, or operation of an in-state natural gas pipeline or an Alaska liquefied natural gas project. Upon termination of the corporation, its rights and property pass to the state.
Section: Previous 31.25.005 31.25.007 31.25.010 31.25.020 31.25.030 31.25.035 31.25.040 31.25.045 31.25.050 31.25.060 31.25.065 31.25.080 31.25.090 31.25.100 31.25.110 NextLast modified: November 15, 2016