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The commissioner will, in his discretion, reject any or all bids, and offer the lease to the next highest qualified bidder if the successful bidder fails to obtain the lease for any reason. The commissioner will not accept any bid that is less than the minimum bid established before the sale. The commissioner will notify any bidder whose bid has been rejected and include in the notice a statement of the reason for the rejection.
History: Eff. 6/18/82, Register 82
Authority: AS 38.05.020
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Last modified 7/05/2006