Section 11.04.080. Administrative fee.

The division will charge an administrative fee of $75 per day for failure to  
		(1) submit a complete set of original royalty reports and supporting documentation required under 11 AAC 04.040 to the division on or before the designated date due, beginning on the first day after the division provides notice to the lessee that the administrative fee will begin to accrue;  
		(2) submit revisions to a royalty report or supporting documentation under 11 AAC 04.040 resulting from settlements, lease administrative actions, or royalty accounting reconciliations, beginning on the 31st day after the division provides notice that a revision must be submitted not later than 30 days after the notice; or  
		(3) make royalty payments when due under 11 AAC 04.030, beginning on the first day after the division provides notice to the lessee that the administrative fee will begin to accrue.  

Authorities

38.05.020;38.05.180

Notes

Reference

11 AAC 04.090

Authority

AS 38.05.020 AS 38.05.180

History

Eff. 2/21/98, Register 145; am 12/27/2002, Register 164; am 1/9/2014, Register 209