Amends AS 38.05.180(aa) to add a new entity, a lessee and a manufacturer, who would be able to establish an agreement with the State for royalty gas share prices.

Amends subsection (aa)(1), which lists restrictions imposed for such price agreements, by revising the existing section to reflect it as a subsection (A) specific only to a contract between the lessee and a gas or electric utility,

Amends subsection (aa)(1) by inserting a new subsection (B) that lists the specific restrictions for the new entity, a lessee and a manufacturer.

Amends subsection (aa)(2)(B), which sets out exemptions from the provisions of subsection (aa)(1), by inserting language regarding circumstances for the new entity, referencing new sections (B)(1) and inserting language specifying an exemption for employment or tangible benefits.

Amends subsection (aa)(2)(C) by including manufacturer, as appropriate.

Amends AS 38.05.180(bb)(2) by including manufacturer, as appropriate.

Amends AS 38.05.180(bb) by inserting new paragraph (4) which is the definition of a "manufacturer".