 |
Alaska Administrative Code (Last Updated: January 12, 2017) |
 |
Title 11. Natural Resources. |
|
Part 11.1. Office of the Commissioner. |
|
Chapter 11.82. Mineral Leasing Procedure. |
|
Article 11.82.3. Acreage Limitations. |
Section 11.82.660. Excess area; partial termination.
Latest version.
-
If for any reason a permit or lease covers more acreage than the maximum permitted by AS 38.05 or the regulations to be included in one lease or permit of its kind, the lease or permit is not void, but the acreage covered must be reduced to the permitted maximum. Whenever the commissioner determines that a lease exceeds the permitted acreage, he will promptly mail notice to the lessee or permittee, stating the amount of acreage that must be eliminated. Within 60 days after the receipt of the notice, the lessee or permittee of record may file an instrument surrendering or assigning in full at least the amount of acreage that must be eliminated which must be one or more legal subdivisions or in such other shape or shapes as the commissioner approves. The surrender or assignment is effective when filed. If the surrender or assignment is not filed within 60 days, the commissioner will eliminate the minimum necessary and promptly mail notice to the lessee or permittee, specifying the parcels eliminated.
Authorities
38.05.020;38.05.145