Section 11 AAC 86.422 - Term and rental(a) The provisions of AS 38.05.245(c) set the term of a prospecting site located on or after August 20, 2000. Expenditures for prospecting work on a prospecting site location may not be credited toward expenditures for annual labor for a mining claim or leasehold location.(b) The rental required for a prospecting site is $305 and must be paid in accordance with 11 AAC 86.107. The rental for a prospecting site located on state land is due within the time provided by AS 38.05.245(c). The rental for a prospecting site located on state-selected land is due on the date the federal government conveys all or a portion of the land within the location to the state, and must be paid within 90 days after that date. Before the date of conveyance, a locator of a prospecting site on state-selected land may submit a $305 payment with the certificate of location, as provided in 11 AAC 86.107. The payment will be considered a non-refundable deposit credited to the required rental payment if the selection is conveyed to the state.Eff. 1/19/2002, Register 161; am 8/23/2009, Register 191; am 8/30/2019, Register 231, August 2019 Authority:AS 38.05.020
AS 38.05.245
AS 38.05.265
AS 38.05.211