17 AAC 45.342. Notice of intent to award: auctions

(a) The department will identify and announce the highest bid and bidder at the auction. Subject to (c) of this section and to the provisions of 17 AAC 45.345, the identification of the highest bidder constitutes the department's notice of intent to award the lease, permit, or concession to that bidder. The highest bidder must sign the lease, permit, or concession at the auction.

(b) Before the department signs the lease, permit, concession, or other related document, the department will determine whether the highest bidder has fulfilled all the auction requirements and whether the bidder is responsible under 17 AAC 45.390. The department will not sign the lease, permit, or concession earlier than seven days after the date of the auction.

(c) If at an auction the department receives only one bid from a qualified and responsible bidder, the department will either award the lease, permit, or concession to that bidder or, if the department determines that the bid is not in the best interest of the state, reject the bid under 17 AAC 45.345.

History: Eff. 3/28/2002, Register 161

Authority: AS 02.15.020

AS 02.15.060

AS 02.15.070

AS 02.15.090

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