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Title 11 . Natural Resources
Chapter 3 . Document Recording and Filing
Section 70. Rejection of proposals

11 AAC 03.070. Rejection of proposals

(a) If the commissioner has either (1) solicited proposals for the noncompetitive sale of royalty oil, gas, or associated substances, (2) issued a written determination to dispose of royalty oil, gas, or associated substances by a method other than by competitive bid, or (3) issued written procedures for the noncompetitive disposal of royalty oil, gas, or associated substances as described in 11 AAC 03.050, and the commissioner proposes to reject any proposal or application received as a result of the solicitation, determination, or written procedures, the commissioner will notify the Alaska Royalty Oil and Gas Development Advisory Board in writing before rejecting the proposal or application.

(b) The notification required by (a) of this section will consist of a list of the names of the prospective buyers whose proposals are rejected along with their proposals and any correspondence received from the prospective buyers.

(c) The commissioner will, in the commissioner's discretion, reject unsolicited or uninvited proposals for the noncompetitive disposal of royalty oil, gas, or associated substances without notifying the Alaska Royalty Oil and Gas Development Advisory Board.

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 38.06.050

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Last modified 7/05/2006