11 AAC 83.705 - Work commitment modification

Application for modification of a work commitment under AS 38.05.180(h) must comply with 11 AAC 88.105 and must

(1) state all the facts that may entitle the applicant to a modification of the work commitment;

(2) state the location and status of all past and present activities on the lease;

(3) contain a detailed report of all activity on the lease preceding the filing of the application and must include an accounting for all expenses and costs of operating the lease;

(4) be filed not later than 30 days before the existing deadline for the fulfillment of the term of the work commitment the lessee wishes to be modified;

(5) address all pertinent factors listed in 11 AAC 83.700(b) - (e), as appropriate; and

(6) in connection with an application for a waiver under 11 AAC 83.700(e), affirm the lessee's readiness and ability to post a performance bond or to provide other security acceptable to the commissioner to assure fulfillment of the work commitment.

Notes

11 AAC 83.705

Eff. 11/9/79, Register 72; am 9/25/85, Register 95

Authority:AS 38.05.020

AS 38.05.180