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- Alaska Statutes.
- Title 38. Public Land
- Chapter 6. Alaska Royalty Oil and Gas Development Advisory Board
- Section 50. Board Review and Recommendation Required.
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Section 40. Powers and Duties of the Board.
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Section 55. Legislative Approval.
AS 38.06.050. Board Review and Recommendation Required.
- (a) If legislative approval is required by AS 38.06.055
, a sale, exchange, encumbrance, or other disposition of oil or gas or of the rights or waiver of the rights to receive
future production of royalty oil or gas may not be made by the commissioner of natural resources under AS 38.05.183
without prior review of the proposed sale, exchange, encumbrance, or other disposition by the board. A written
recommendation of the board on the proposed sale, exchange, encumbrance, or other disposition of oil or gas or of the
rights or waiver of the rights to receive future production of royalty oil or gas shall be submitted to the legislature
at the time a bill approving the proposed sale, exchange, encumbrance, or other disposition is introduced in the
legislature.
- (b) Bids or applications for the purchase of royalty oil or gas may be rejected by the commissioner of natural resources
if prior written notice of the proposed disapproval is given to the board.
- (c) Competitive bidding in a sale, exchange, or other disposition described in (a) of this section may not be waived by
the commissioner of natural resources under AS 38.05.183
unless prior written notice of proposed waiver is given to the board.
- (d) [Repealed, Sec. 5 ch 112 SLA 1980].
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