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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 11. Natural Resources. |
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Part 11.1. Office of the Commissioner. |
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Chapter 11.83. Oil and Gas Leasing. |
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Article 11.83.1. General Oil and Gas Lease Provisions. |
Section 11.83.204. Net profit share rate.
Latest version.
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The net profit share rate is the fixed percentage share of the net profit payment account, defined in 11 AAC 83.214, payable to the state. The net profit share rate is determined through competitive bidding or by the commissioner as a condition of sale.
Authorities
38.05.020;38.05.180