Alaska Administrative Code
Title 11 - Natural Resources
Part 6 - Lands
Chapter 83 - Oil and Gas Leasing
Article 2 - Net Profit Share Leasing
11 AAC 83.214 - Net profit payment account
Universal Citation: 11 AK Admin Code 83.214
Current through February 24, 2025
The net profit payment account for a NPSL in any month equals the amount, if any, transferred for that month from the NPSL's development account under 11 AAC 83.212(e). Each amount so transferred is a credit in the net profit payment account. If for a month no transfer is made from the NPSL's development account under 11 AAC 83.212(e), the balance in the NPSL's net profit payment account for that month is zero.
Authority:AS 38.05.020
AS 38.05.180
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