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(a) The board shall obtain updated lists from the Department of Natural Resources of royalty oil and gas that is available for disposal. The board will, in its discretion, recommend to the commissioner of natural resources the conditions relating to the sale, delivery, transportation, refining or processing of oil or gas which he may include in the offer and sale of oil or gas obtained by the state as royalty under AS 38.05.182 .
(b) Recommendations and directions to the commissioner of natural resources from the board will be made by resolution.
(c) Recommendations for each sale may include price guidelines, quantity to be sold, instate use requirements, term of sale, and preferential purchasers.
(d) Recommendations for each sale may include procedures for solicitations of bids and applications, qualifications of purchasers, competitive bidding, and contract negotiations.
History: Eff. 7/19/81, Register 79
Authority: AS 38.06.040
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Last modified 7/05/2006