Section 11 AAC 82.909 - License proposal(a) At any time during a calendar year, the commissioner will, in the commissioner's discretion, issue a call for proposals for an oil and gas exploration license that specifies the (1) area to be offered for licensing;(2) minimum qualifications for a licensee, as specified under 11 AAC 82.200(a); and(3) minimum exploration work commitment expressed in dollars.(b) A prospective license must notify the commissioner in writing of the prospective licensee's intent to submit a proposal for an oil and gas exploration license within 30 days after the commissioner has issued a call for proposals under (a) of this section.(c) A proposal for an oil and gas exploration license submitted by a prospective licensee must be received by the department within 60 days after the commissioner has issued a call for proposals under (a) of this section.(d) A proposal for an oil and gas exploration license that is initiated by a prospective licensee, and that is not in response to a call for proposals by the commissioner, must be received by the department during the period beginning April 1 and ending April 30 of a calendar year.(e) A proposal in response to a call for proposals under (a) of this section or a self-initiated proposal under (d) of this section must(1) describe the lands proposed to be subject to licensing, and provide this information on a map at a scale of 1:250,000 or greater;(2) state the specific work commitment expressed in dollars;(3) propose the term of the license;(4) describe the amount and form of security to be posted, based on the projected cost of the planned exploration work;(5) state that the prospective licensee meets the minimum qualifications, as specified under 11 AAC 82.200;(6) designate one person who is authorized to receive notices on behalf of an applicant; and(7) be submitted on a form provided by the department or a verbatim copy of the department's form.(f) The commissioner will, in the commissioner's discretion, modify any proposal and request that a prospective licensee submit a revised proposal based on the commissioner's modifications. A prospective licensee shall have 30 days to resubmit a revised proposal which must conform to (e) of this section. The commissioner will reject any proposal that the commissioner determines is not in the state's best interest.Eff. 9/22/95, Register 135Authority:AS 38.05.131
AS 38.05.133