Gov. Sean Parnell is scheduled to sign SB138 at 2:15 this afternoon in Fairbanks.
Borough Mayor Mike Navarre said he was invited to the signing along with some of the other involved borough mayors however could not attend.
He explained the signing is another step in a long process towards the LNG pipeline.
Mayor Navarre: “What the legislation that the Governor is signing today does is really outline some perameters for negotiating anything that is negotiated by the governors office especially when they are talking about changes like payment in leiu of taxes or contractual arrangements that might affect the leases all of those things that are a significant change from the way the tax structure works now have to be approved and signed off on by the legislature so that there will be an opportunity next year for the legislature to evaluate the contractual arrangements or tax changes that are being proposed and then determine whether or not they are in the state’s best interest.”
The signing will be broadcast live on the Governor’s website.
