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- Alaska Statutes.
- Title 27. Mining
- Chapter 22. Bonus For Discovery and Production
- Section 10. Discovery and Production Bonus.
previous: Chapter 22
. Bonus For Discovery and Production
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. Amount of Production.
AS 27.22.010. Discovery and Production Bonus.
- (a) To stimulate prospecting for, discovery of, and production from new domestic mineral-bearing deposits, and in the
interest of the general industrial development of the state, the commissioner shall, upon sufficient proof, pay a bonus
of $10,000 to a person or persons, partnership, company, or corporation that discovers and produces ore in Alaska under
the terms of this chapter.
- (b) The commissioner shall pay the bonus for the discovery and production from new domestic mineral-bearing deposits
containing one or any combination of those minerals presently eligible for assistance under the Federal Office of
Mineral Exploration program. The production must be from a mining location of a lode or placer deposit that has not
previously been discovered or worked.
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