(a) Notwithstanding AS 41.21.020(a)(6) or 41.21.450 — 41.21.465, state-owned land in the following described parcels may be leased in accordance with AS 38.35 (Right-of-Way Leasing Act) for the purpose of construction and operation of a natural gas pipeline from the North Slope:

1. (1) Township 18 North, Range 5 West, Seward Meridian
2. (2) Township 19 North, Range 5 West, Seward Meridian

Section 10: E1/2

Section 11: NW1/4

Section 15: NW1/4

Section 16: SE1/4

Section 21: W1/2;

Section 35: SW1/4.

(d) Any right-of-way lease issued under AS 38.35 across land described in this section and within the exterior boundaries of Nancy Lake State Recreation Area must

1. (1) reserve to the state the interests necessary to provide for public access by foot, snow machine, dog sled, and other traditional means of access along and across the leased corridor;
2. (2) preserve, to the maximum extent practicable, the recreational, scenic, cultural, historical, and habitat values consistent with the leasehold's location within the exterior boundaries of Nancy Lake State Recreation Area; and
3. (3) provide for termination of the lease if construction of the pipeline has not begun 10 years after the effective date of the lease.