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- Alaska Statutes.
- Title 38. Public Land
- Chapter 35. Right-of-Way Leasing Act
- Section 110. Term of Lease; Continuation.
previous: Section 100. Decision On Application.
next: Section 120. Covenants Required to Be Included in Lease.
AS 38.35.110. Term of Lease; Continuation.
- (a) Each lease of state land for pipeline right-of-way purposes must contain a provision that the lease shall run for a
specified term of not greater than 30 years, and shall be renewable for additional periods of up to 30 years each, so
long as the lessee is in commercial operation and is in full compliance with all state law, including but not limited
to state law pertaining to regulation and taxation of the pipeline facility, and is in compliance with all terms of the
lease. In making this determination, the commissioner shall take into consideration the cost of the proposed pipeline,
its useful life, and the probable financing requirement for the proposed pipeline.
- (b) If the lessee has timely requested and is pursuing renewal and the determination on the renewal has not been issued
before expiration of the existing lease term, the commissioner shall continue the lease subject to the terms and
conditions that were applicable to the lease in effect at the time of expiration of the lease's term until the
commissioner issues a final determination on the renewal.
Note to HTML Version:
This version of the Alaska Statutes is current through December, 2004. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort
has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature
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Last modified 9/3/2005