Alaska Administrative Code
Title 11 - Natural Resources
Part 6 - Lands
Chapter 85 - Coal
Article 3 - General Leasing Provisions
11 AAC 85.245 - Coal lease bond
Universal Citation: 11 AK Admin Code 85.245
Current through August 30, 2024
(a) A coal lease bond is required before a lease is issued, and in no case may the amount be less than $5 per acre or $5,000, whichever is greater.
(b) A coal lease bond must be filed in accordance with 11 AAC 82.600.
(c) The commissioner will not consent to termination of liability under a coal lease bond unless an acceptable substitute bond has been filed or until all terms and conditions of the lease have been fulfilled.
Authority:AS 38.05.020
AS 38.05.145
AS 38.05.150
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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