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 03.240 - Execution of contract for competitive disposal

Universal Citation: 11 AK Admin Code 11 AAC 03.240

Current through August 30, 2024

(a) After the opening of the bids but before the execution of the contracts, the commissioner will indicate the commissioner's intention to either reject all bids, or execute contracts with a bidder or bidders and reject all other bidders by awarding the royalty oil, gas, or associated substances to the successful bidder or bidders. The award may be made orally at the bid opening or in writing if the award is made after the bid opening.

(b) No contract will be executed with the successful bidder or bidders until notification of the intention to reject all other bidders has been given to the Alaska Royalty Oil and Gas Development Advisory Board.

Authority:AS 38.05.020

AS 38.05.183

AS 38.06.050

Disclaimer: These regulations may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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