CSSB 322(FIN): "An Act repealing the requirement that an oil or gas lease sale be held during the calendar quarter for which scheduled under the leasing program and repealing related allowable delays for certain oil and gas lease sales under the Alaska Land Act; and providing for an effective date."
00CS 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).