Alaska Administrative Code
Title 11 - Natural Resources
Part 6 - Lands
Chapter 82 - Mineral Leasing Procedure
Article 9 - Exploration Licensing
11 AAC 82.975 - Termination
Universal Citation: 11 AK Admin Code 82.975
Current through August 30, 2024
The commissioner will, in the commissioner's discretion, terminate a license whenever a licensee fails to comply with a provision of an oil and gas exploration license, applicable statutes, regulations, or stipulations and the failure continues for a period of 60 days following written notice by the commissioner to the licensee of failure to comply. Upon termination, a licensee's oil and gas exploration license security required by AS 38.05.132(c)(4)(B) is forfeited to the state.
Authority:AS 38.05.131
AS 38.05.132
AS 38.05.133
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