Section 11 AAC 04.199 - DefinitionsIn this chapter, unless the context clearly requires a different meaning:
(1) "accounting unit" means a unit, participating area, or lease which constitutes a single production, financial management and reporting entity;(2) "commissioner" means the commissioner of the Department of Natural Resources or the commissioner's designee;(3) "division" means the state division of oil and gas in the Department of Natural Resources;(4) "lessee" means an individual, a partnership, or a corporation, that holds a working interest in a lease;(5) "overpayment" means an amount greater than the amount due;(6) "ACH transaction" means an electronic transaction by means of the Automated Clearing House (ACH) network for the interbank clearing of electronic payments for participating depository financial institutions;(7) "royalty report" means a royalty operator report (O1 form), royalty valuation report (A1 form), and royalty or net profit share lease (NPSL) payment summary report (S1 form) for an accounting unit. Eff. 2/21/98, Register 145; am 12/27/2002, Register 164; am 1/9/2014, Register 209, April 2014Authority:AS 38.05.020
AS 38.05.180