Section 11 AAC 26.220 - Review and recommendations of proposed sales(a) If legislative approval is required in accordance with AS 38.06.055(a), proposed contracts or agreements must be received by the board at least 14 days before execution by the commissioner of natural resources and submission to the legislature.(b) In accordance with AS 38.06.050(a), "prior review" means that the majority of the board members in attendance at a meeting of at least a quorum voted on the action proposed by the commissioner of natural resources and the final tally of votes of members of the board for and against the proposed action is recorded at the end of a document signed by the chairman setting out the recommendations to the legislature by the board.(c) In accordance with AS 38.06.050(b), the notice of rejection of any bid or application must include any proposals received and correspondence from the rejected bidders.(d) In accordance with AS 38.06.050(c), a written notice of waiver of competitive bidding must be received by the board. The board will, in its discretion, provide the commissioner of natural resources with its written comments and recommendations relating to the waiver.(f) The board will, after the receipt of sales contracts or agreements relating to proposed sales, exchanges, or other disposals of royalty oil and gas, recommend to the legislature that the sale be approved or disapproved. The report may include the recommendations and analysis of the majority of the board, a minority report if necessary, a legal report, a record of the public hearing, and a technical or staff report.Eff. 7/19/81, Register 79; am 5/11/86, Register 98Authority:AS 38.06.040
AS 38.06.050
AS 38.06.055
AS 38.06.070