Alaska § 38.05.096 - Exemption from rental payments on land leased for certain liquefied natural gas storage facilities.
Full text of Alaska Alaska Statutes § 38.05.096 — Exemption from rental payments on land leased for certain liquefied natural gas storage facilities., with citation guidance and answers to common questions.
§ 38.05.096. Exemption from rental payments on land leased for certain liquefied natural gas storage facilities.
(a) A person leasing state land for a liquefied natural gas storage facility other than a gas storage facility subject to AS 38.05.180 (u) may request an exemption from lease payments as provided in this section. The exemption is applicable for the periods described in (b) of this section.
(b) The exemption is available for the calendar year in which the liquefied natural gas storage facility commences commercial operation and for each of the nine calendar years immediately following the first year of commercial operation. However, an exemption is not applicable for the calendar year after the facility ceases commercial operation or for any subsequent calendar year.
(c) The lessee shall provide the director with any information the director requests to determine whether the lessee qualifies for the exemption.
(d) Information related to state land leased for a liquefied natural gas storage facility qualifying for the exemption in this section is public information and may be furnished to the Regulatory Commission of Alaska. On request, the director shall provide the name of each person using state land leased for a liquefied natural gas storage facility, the years for which an exemption was granted, and the amount of the exemption.
(e) A person receiving an exemption for a payment under this section that contracts to store liquefied natural gas for a utility regulated under AS 42.05 shall reduce the storage price to reflect the value of the exemption.
(f) In this section, (1) “ceases commercial operation” and “commences commercial operation” have the meanings given in AS 31.05.032 ;
(2) “liquefied natural gas storage facility” has the meaning given in AS 42.05.990 .
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 38.05.096
What does Alaska Statutes § 38.05.096 cover?
Section 38.05.096 ("Exemption from rental payments on land leased for certain liquefied natural gas storage facilities.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 38.05.096?
A common citation format is "Alaska Statutes § 38.05.096" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 38.05.096 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.