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Title 11 . Natural Resources
Chapter 82 . (No Regulations Filed)
Section 475. Return of deposits

11 AAC 82.475. Return of deposits

The commissioner will return the bid deposit of all unsuccessful bidders within five working days after a lease sale or the awarding of an oil and gas exploration license. If the high bid is disqualified after bid deposits have been returned, the commissioner will, in the commissioner's discretion, award the second and third highest bidders the opportunity to restore their bids and deposits within 10 days after receipt of the notice of the award.

History: Eff. 9/5/74, Register 51; am 7/22/79, Register 71; am 9/22/95, Register 135

Authority: AS 38.05.020

AS 38.05.131

AS 38.05.133

AS 38.05.145

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Last modified 7/05/2006