Section 11.82.912. Request for competing proposals.

	(a)  If a proposal for an exploration license submitted under 11 AAC 82.909 (a) or (d) is not rejected by the commissioner, the commissioner will issue a request for competing proposals concurrent with a public notice of intent by the commissioner to evaluate the acceptability of the proposal.  
	(b)  A prospective licensee must notify the commissioner in writing of the prospective licensee's intent to submit a proposal for an oil and gas exploration license within 30 days after the commissioner has issued a request for competing proposals under (a) of this section.  
	(c)  A competing proposal for an oil and gas exploration license submitted by a prospective licensee must conform to 11 AAC 82.909(e) and must be received by the department within 60 days after the commissioner has issued a request for competing proposals under (a) of this section.  

Authorities

38.05.131;38.05.133

Notes

Reference

11 AAC 82.915
11 AAC 82.921

Authority

AS 38.05.131 AS 38.05.133

History

Eff. 9/22/95, Register 135