11 Alaska Admin. Code § 82.975
Current through May 31, 2024
The commissioner will, in the commissioner's discretion, terminate a license whenever a licensee fails to comply with a provision of an oil and gas exploration license, applicable statutes, regulations, or stipulations and the failure continues for a period of 60 days following written notice by the commissioner to the licensee of failure to comply. Upon termination, a licensee's oil and gas exploration license security required by AS 38.05.132(c)(4)(B) is forfeited to the state.
11 AAC 82.975
Authority:AS 38.05.131
AS 38.05.132
AS 38.05.133