The term of a contract developed under AS 43.82.020 may be for no longer than is necessary to develop the stranded gas that is subject to the contract; however, the term of the contract may not exceed 35 years from the commencement of commercial operations of the approved qualified project.
Structure Alaska Statutes
Title 43. Revenue and Taxation
Chapter 82. Alaska Stranded Gas Development Act
Article 3. Contract Development.
Sec. 43.82.200. Contract development.
Sec. 43.82.210. Contract terms relating to payment in lieu of one or more taxes.
Sec. 43.82.220. Contract terms relating to royalty.
Sec. 43.82.240. Use of an independent contractor.
Sec. 43.82.250. Term of contract; effective date.
Sec. 43.82.260. Change of parties to an application or a contract; assignment of interests.