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HB 11: "An Act requiring state oil and gas leases to be construed in favor of the state and against the interpretation offered by the person challenging the state's interpretation of the lease."

00 HOUSE BILL NO. 11 01 "An Act requiring state oil and gas leases to be construed in favor of the state and 02 against the interpretation offered by the person challenging the state's interpretation of 03 the lease." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. AS 38.05.180 is amended by adding a new subsection to read: 06 (hh) When interpreting a lease entered into under this section, ambiguous 07 language shall be construed in favor of the state and against the interpretation offered 08 by the person challenging the state's interpretation. 09 * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to 10 read: 11 APPLICABILITY. Section 1 of this Act applies to the interpretation of a lease entered 12 into or amended after the effective date of this Act.