Alaska Administrative Code
Title 11 - Natural Resources
Part 1 - Office of the Commissioner
Chapter 03 - Disposition of Royalty Oil, Gas, or Gas Liquids
11 AAC 03.220 - Awards

Royalty oil, gas, or associated substances will be awarded to the highest responsible bidder unless a bidder in a special class, as defined in the invitation to bid, exercises a priority over a general bidder. A bidder entitled to exercise a priority may purchase the royalty oil, gas, or associated substances at a price equal to the price bid by the highest responsible bidder in the manner provided in the invitation to bid. A bidder in a special class is entitled to exercise a priority over a general bidder in the order provided in the invitation to bid.

Authority:AS 38.05.020

AS 38.05.183