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(a) Repealed 8/6/94.
(b) The first year's rental charge may, upon agreement of the commissioner of natural resources and the applicant, be based upon an informal appraisal, and the first year's rental charge shall be adjusted on the basis of the formal appraisal conducted before the end of the first year of the lease term.
History: Eff. 3/3/74, Register 49; am 8/6/94, Register 131
Authority: AS 38.05.020 (c)
AS 38.35.020 (a)
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Last modified 7/05/2006