11 AAC 03.050. Procedure for noncompetitive disposition

The commissioner will, in the commissioner's discretion, set out in writing the procedures the commissioner intends to use in making a disposition of royalty oil, gas, or associated substances without competitive bid. If issued, those procedures will be followed unless the commissioner determines in writing that it is in the best interests of the state to not follow those procedures. In conformity with that determination, the commissioner will, in the commissioner's discretion, set out new written procedures to be followed in making the sale, exchange, or disposition. The commissioner will, in the commissioner's discretion, enter into a noncompetitive disposition of royalty oil, gas, or associated substances without issuing written procedures for that noncompetitive disposition.

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

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