Enrolled SB 265: Relating to the schedule of proposed oil and gas lease sales and to a related report to the legislature; and providing for an effective date.

00 Enrolled SB 265                                                                                                         
01 Relating to the schedule of proposed oil and gas lease sales and to a related report to the                             
02 legislature; and providing for an effective date.                                                                       
03                           _______________                                                                               
04    * Section 1.  AS 38.05.180(b) is amended to read:                                                                  
05            (b)  The commissioner shall annually [BIENNIALLY] prepare and, before                                
06       February 1 of each calendar year [, BETWEEN THE FIRST AND THE 15TH                                            
07       DAY OF THE FIRST REGULAR SESSION OF EACH LEGISLATURE], notify the                                                 
08       legislature of [THE AVAILABILITY OF, A FIVE-YEAR PROPOSED OIL AND                                                 
09       GAS LEASING PROGRAM CONSISTING OF] a five-year program [SCHEDULE]                                             
10       of proposed oil and gas lease sales, [AND] specifying as precisely as practicable the                     
11       location of tracts [PROPOSED] to be offered for [OIL AND GAS] leasing during the                                  
12       calendar year of the notification [IN WHICH THE PROPOSED PROGRAM IS                                           
13       MADE AVAILABLE TO THE LEGISLATURE] and the following four calendar                                                
14       years.  The commissioner may, at any time, notify the legislature of revisions,                               
01       including additions, to the program.  Notification to each legislator, by electronic                          
02       message or other written means, constitutes notification to the legislature under                             
03       this subsection.                                                                                              
04    * Sec. 2.  AS 38.05.180(c) is amended to read:                                                                     
05            (c)  Except as provided in (d) and (w) of this section, an oil and gas lease sale                            
06       may not be held unless the legislature was notified under (b) of this section [IT                             
07       WAS INCLUDED IN THE PROPOSED LEASING PROGRAMS SUBMITTED TO                                                        
08       THE LEGISLATURE DURING THE TWO CALENDAR YEARS PRECEDING                                                           
09       THE YEAR IN WHICH THE SALE IS HELD].  A lease sale may not be held before                                         
10       the date listed [IT IS SCHEDULED] in the proposed, or a revised, oil and gas leasing                      
11       program.                                                                                                          
12    * Sec. 3.  AS 38.05.180(e) is amended to read:                                                                     
13            (e)  The [SIMULTANEOUSLY WITH SUBMISSION OF THE LEASING                                                  
14       PROGRAM REQUIRED UNDER (b) OF THIS SECTION, THE] commissioner shall                                               
15       annually prepare and notify the legislature of the availability of a report containing                        
16       the following:                                                                                                    
17                 (1)  the schedule of all lease sales held during the preceding calendar                                 
18       year, the bidding method or methods utilized, and an analysis of the results of the                               
19       bidding;                                                                                                          
20                 (2)  if determined, a description of the bidding methods to be used for                                 
21       all lease sales to be held during the current and next two succeeding calendar years;                             
22                 (3)  the reasons a particular bidding method has been selected.                                         
23    * Sec. 4.  This Act takes effect immediately under AS 01.10.070(c).