Section 11.80.015. Annual rental payments.

Latest version.

	(a)  Repealed 8/6/94.  
	(b)  The first year's rental charge may, upon agreement of the commissioner of natural resources and the applicant, be based upon an informal appraisal, and the first year's rental charge shall be adjusted on the basis of the formal appraisal conducted before the end of the first year of the lease term.

Authorities

38.05.020;38.35.020;38.35.140

Notes

Authority
 AS 38.05.020(c)  
AS 38.35.020(a)  
AS 38.35.140  
History Eff. 3/3/74, Register 49; am 8/6/94, Register 131

                    
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