11 Alaska Admin. Code § 03.220
Current through September 25, 2024
Royalty oil, gas, or associated substances will be awarded to the highest responsible bidder unless a bidder in a special class, as defined in the invitation to bid, exercises a priority over a general bidder. A bidder entitled to exercise a priority may purchase the royalty oil, gas, or associated substances at a price equal to the price bid by the highest responsible bidder in the manner provided in the invitation to bid. A bidder in a special class is entitled to exercise a priority over a general bidder in the order provided in the invitation to bid.
11 AAC 03.220
Authority:AS 38.05.020
AS 38.05.183