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Leases must be utilized for purposes within the scope of lease and land classification. Utilization or development for other than the allowed uses is a violation of the lease. A development plan may be required on all leases. Failure to make substantial use of the land, consistent with the development plan, within five years, will, in the director's discretion, constitute grounds for cancellation.
History: Eff. 7/1/60, Register 1; am 8/15/64, Register 17; am 3/20/66, Register 22; am 8/6/94, Register 131
Authority: AS 38.05.020
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Last modified 7/05/2006