Section 11.82.475. Return of deposits.

Latest version.

The commissioner will return the bid deposit of all unsuccessful bidders within five working days after a lease sale or the awarding of an oil and gas exploration license. If the high bid is disqualified after bid deposits have been returned, the commissioner will, in the commissioner's discretion, award the second and third highest bidders the opportunity to restore their bids and deposits within 10 days after receipt of the notice of the award.

Authorities

38.05.020;38.05.131;38.05.133;38.05.145

Notes

Reference

11 AAC 84.725
11 AAC 85.005
11 AAC 86.545

Authority
 AS 38.05.020  
AS 38.05.131  
AS 38.05.133  
AS 38.05.145  
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History Eff. 9/5/74, Register 51; am 7/22/79, Register 71; am 9/22/95, Register 135

                    
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