A proposed project plan submitted under AS 43.82.120 may be approved as a qualified project plan under AS 43.82.140 if the proposed project plan
(1) reflects a proposal for diligent development of the project on the part of the applicant;
(2) does not materially conflict with the obligations of a lessee to the state under a lease or under a pool, unit, or other agreement with the state; and
(3) describes satisfactory methods and terms for making gas available to meet the reasonably foreseeable demand in this state for gas within the economic proximity of the project during the term of the proposed contract.
Structure Alaska Statutes
Title 43. Revenue and Taxation
Chapter 82. Alaska Stranded Gas Development Act
Article 2. Qualification and Application Procedures.
Sec. 43.82.100. Qualified project.
Sec. 43.82.110. Qualified sponsor or qualified sponsor group.
Sec. 43.82.130. Qualified project plan.
Sec. 43.82.140. Review of applications and determination of qualifications.
Sec. 43.82.150. Actions challenging determinations on applications.
Sec. 43.82.160. Multiple applications for similar or competing qualified projects.