Sec. 43.82.200. Contract development.

160 words·~1 min read·/ak/title-43/chapter-82/43-82-200

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

If the commissioner approves an application and proposed project plan under AS 43.82.140 , the commissioner may develop a contract that may include

(1)terms concerning periodic payment in lieu of one or more taxes as provided in AS 43.82.210 ;

(2)terms developed under AS 43.82.220 relating to

(A)timing and notice of the state's right to take royalty in kind or in value; and

(B)royalty value;

(3)terms regarding the hiring of Alaska residents and contracting with Alaska businesses under AS 43.82.230 ;

(4)terms regarding periodic payment to, or an equity or other interest in a project for, municipalities under AS 43.82.500 ;

(5)terms regarding arbitration or alternative dispute resolution procedures;

(6)terms and conditions for administrative termination of a contract under AS 43.82.445 ; and

(7)other terms or conditions that are

(A)necessary to further the purposes of this chapter; or

(B)in the best interests of the state.