Frank Richards
73:22 - 74:12
"the legislative bonding approvals that were granted to AGDC in— under Alaska Statute 3125 is, as Matt described, as revenue bonds. So AGDC does not have the ability to put forward bonds that obligates the State of Alaska for bond payments"
“the legislative bonding approvals that were granted to AGDC in— under Alaska Statute 3125 is, as Matt described, as revenue bonds. So AGDC does not have the ability to put forward bonds that obligates the State of Alaska for bond payments”
- Speaker
- Frank Richards
- Timestamp
- 73:22 – 74:12
- Community
- Alaska News
- Location
- Anchorage
- Captured at
- May 28, 2026
From the transcript
Now, when Glenfarm takes FID and then provides the preemptive rights to AGDC, that's the trigger point for us to notify the legislature and other opportunities for Alaskans to be able to offer this up. That is, again, the start of the 6 months that we currently have under agreements to be able to make that decision. For up to 25%. The existing— the legislative bonding approvals that were granted to AGDC in— under Alaska Statute 3125 is, as Matt described, as revenue bonds. So AGDC does not have the ability to put forward bonds that obligates the State of Alaska for bond payments.
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