00 CS FOR SENATE BILL NO. 322(FIN)                                                                                         
01 "An Act repealing the requirement that an oil or gas lease sale be held during                                          
02 the calendar quarter for which scheduled under the leasing program and repealing                                        
03 related allowable delays for certain oil and gas lease sales under the Alaska Land                                      
04 Act; and providing for an effective date."                                                                              
05 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
06    * Section 1.  AS 38.05.180(c) is amended to read:                                                                    
07  (c)  Except as provided in (d) and (w) of this section, an oil and gas lease sale                                     
08 may not be held unless it was included in the proposed leasing programs submitted to                                    
09 the legislature during the two calendar years preceding the year in which the sale is                                   
10 held.  [A LEASE SALE SHALL BE HELD DURING THE CALENDAR QUARTER                                                          
11 FOR WHICH IT IS SCHEDULED IN THE PROPOSED OIL AND GAS LEASING                                                           
12 PROGRAM BUT MAY BE DELAYED BY THE COMMISSIONER FOR NOT                                                                  
13 MORE THAN 90 DAYS AFTER THE LAST DAY OF THE CALENDAR                                                                    
14 QUARTER FOR WHICH IT WAS SCHEDULED IF THE COMMISSIONER                                                                  
01 DETERMINES THAT A DELAY IS IN THE BEST INTEREST OF THE STATE.                                                           
02 A LEASE SALE WHICH IS NOT HELD DURING THE CALENDAR QUARTER                                                              
03 FOR WHICH IT WAS SCHEDULED IN THE OIL AND GAS LEASING                                                                   
04 PROGRAM, OR IN THE FOLLOWING 90-DAY PERIOD AUTHORIZED BY THIS                                                           
05 SUBSECTION, MAY BE HELD ONLY IF RESCHEDULED AS PROVIDED IN (b)                                                          
06 OF THIS SECTION.]  A lease sale may not be held before the date it is scheduled in                                      
07 the proposed oil and gas leasing program.                                                                               
08    * Sec. 2.  This Act takes effect immediately under AS 01.10.070(c).