Section 11.85.245. Coal lease bond.

Latest version.

	(a)  A coal lease bond is required before a lease is issued, and in no case may the amount be less than $5 per acre or $5,000, whichever is greater.  
	(b)  A coal lease bond must be filed in accordance with 11 AAC 82.600.  
	(c)  The commissioner will not consent to termination of liability under a coal lease bond unless an acceptable substitute bond has been filed or until all terms and conditions of the lease have been fulfilled.

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. 9/5/74, Register 51; am 6/18/82, Register 82

                    
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