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.
00Enrolled 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).