11 AAC 82.921. Invitation to bid

(a) If competing proposals are submitted, and the written finding of the commissioner concludes that an oil and gas exploration license should be issued, the commissioner will issue to each applicant that submitted a proposal under 11 AAC 82.909 or 11 AAC 82.912 an invitation to submit a sealed bid on a form supplied by the department.

(b) The invitation to bid will

(1) be issued concurrent with the written finding;

(2) describe the area to be offered for licensing;

(3) designate the date a sealed bid must be received by the commissioner;

(4) include the finding under AS 38.05.133 (f), the exploration license and lease forms that will be used, and a bid form; and

(5) disclose additional information and set out additional requirements as the commissioner determines to be necessary.

(c) Submission of a sealed bid to the commissioner on a form supplied by the department or a verbatim copy of the department's form constitutes notice of a prospective licensee's intent to participate in the bidding as required by AS 38.05.133 (h).

History: Eff. 9/22/95, Register 135

Authority: AS 38.05.131

AS 38.05.133

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