Section 11.85.015. Bidding terms.

Latest version.

	(a)  The commissioner will choose an appropriate leasing method and bid variable, including but not limited to, cash bonus, royalty share, or net profit share. The written finding prepared under AS 38.05.035(e) must contain the rationale on which the leasing method decision was based.  
	(b)  Notwithstanding 11 AAC 82.465, the commissioner will, in his discretion, defer up to 50 percent of any cash bonus payments, provided that notice of the deferred bonus payment and method of payment is published before the sale.

Authorities

38.05.020;38.05.145;38.05.150

Notes

Authority
 AS 38.05.020  
AS 38.05.145  
AS 38.05.150  
History Eff. 6/18/82, Register 82

                    
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