Sec. 31.25.180. Validity of pledge.
The pledge of assets or revenue of the corporation to the payment of the principal of or interest on an obligation of the corporation is valid and binding from the time the pledge is made, and the assets or revenue are immediately subject to the lien of the pledge without physical delivery or further act. […]
Sec. 31.25.035. Minutes of meetings.
The board shall keep minutes of each meeting and send certified copies to the governor and to the Legislative Budget and Audit Committee.
Sec. 31.25.040. Administration of affairs; program directors.
(a) The board shall manage the assets and business of the corporation and may adopt, amend, and repeal bylaws and regulations governing the manner in which the business of the corporation is conducted and the manner in which its powers are exercised. The board shall delegate supervision of the administration of the corporation to the […]
Sec. 31.25.045. Executive director.
The corporation shall employ an executive director who may not be a member of the board. The executive director shall be appointed by the board and serves at the pleasure of the board.
Sec. 31.25.050. Legal counsel.
(a) Except as provided in (b) of this section, the corporation shall retain legal counsel to advise the corporation in legal matters and represent it in litigation. (b) The attorney general shall (1) be the legal counsel for the corporation for legal services related to the development of contracts and agreements by the corporation that […]
Sec. 31.25.060. Employment of personnel.
The board may appoint other officers and engage professional and technical advisors as independent contractors. The executive director may hire employees of the corporation and engage professional and technical advisors under contract with the corporation. The board shall prescribe the duties and compensation of corporation personnel, including the executive director.
Sec. 31.25.005. Purpose.
The corporation shall, for the benefit of the state, to the fullest extent possible, (1) develop and have primary responsibility for developing natural gas pipelines, an Alaska liquefied natural gas project, and other transportation mechanisms to deliver natural gas in-state for the maximum benefit of the people of the state; (2) when developing natural gas […]
Sec. 31.25.007. Expedited review and action by state agencies or entities.
A state agency or entity conducting a review or taking action relating to a project under this chapter shall expedite the review or action in a manner consistent with the timely completion of the project.
Sec. 31.25.010. Structure.
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 […]
Sec. 31.25.020. Governing body.
(a) The corporation shall be governed by a board of directors consisting of (1) five public members; and (2) two individuals designated by the governor that are each the head of a principal department of the state, except that the commissioner of natural resources and the commissioner of revenue may not be designated to serve […]