11 AAC 83.209. Production revenue account

(a) The production revenue under 11 AAC 83.222 for the NPSL during a month is credited to the NPSL's production revenue account for that month.

(b) Debited to the NPSL's production revenue account for a month are

(1) the NPSL's direct operating costs under 11 AAC 83.240 for that month; and

(2) the NPSL's royalty payments, as specified in 11 AAC 83.242, for that month.

(c) If the credits to the production revenue account for a NPSL during a month equal or exceed the debits that month to that account, an amount equal to that excess, (if any) is to be credited that month to the development account of that NPSL and the same amount debited to the NPSL's production revenue account so the ending balance in the production revenue account that month is zero. If the debits to the production revenue account for a NPSL during a month exceed the credits that month to that account, an amount equal to that excess is to be carried forward as a debit to the production revenue account of the NPSL for the following month.

History: Eff. 11/9/79, Register 72

Authority: AS 38.05.020

AS 38.05.180

The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.

If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.