Alaska Administrative Code
Title 11 - Natural Resources
Part 1 - Office of the Commissioner
Chapter 04 - Payment of Oil and Gas Royalties
11 AAC 04.080 - Administrative fee

Universal Citation: 11 AK Admin Code 11 AAC 04.080

Current through August 30, 2024

The division will charge an administrative fee of $75 per day for failure to

(1) submit a complete set of original royalty reports and supporting documentation required under 11 AAC 04.040 to the division on or before the designated date due, beginning on the first day after the division provides notice to the lessee that the administrative fee will begin to accrue;

(2) submit revisions to a royalty report or supporting documentation under 11 AAC 04.040 resulting from settlements, lease administrative actions, or royalty accounting reconciliations, beginning on the 31st day after the division provides notice that a revision must be submitted not later than 30 days after the notice; or

(3) make royalty payments when due under 11 AAC 04.030, beginning on the first day after the division provides notice to the lessee that the administrative fee will begin to accrue.

Authority:AS 38.05.020

AS 38.05.180

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