11 AAC 03.022. Storage conditions

The commissioner disposes of royalty oil, gas, or associated substances to relieve storage conditions when

(1) the royalty oil, gas, or associated substances have either been noticed for a taking in-kind or are being taken in-kind or are being taken in-kind by the state; and

(2) the disposition planned for the oil, gas, or associated substances at the time of the notice to take the oil, gas, or associated substances in-kind can no longer be effectuated for any reason, or the disposition is no longer in the best interests of the state.

History: Eff. 12/12/80, Register 76; am 8/8/84, Register 91; am 5/22/93, Register 126

Authority: AS 38.05.020

AS 38.05.183

AS 38.06.055

Editor's note: Before Register 126, 1993, 11 AAC 03.022 appeared as 11 AAC 03.080. The history of the section under its former number is included in the history note for 11 AAC 03.022.

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