Sec. 31.25.220. Obligations eligible for investment.
Obligations issued under this chapter are securities in which all public officers and public bodies of the state and its political subdivisions and all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. Those obligations […]
Sec. 31.25.230. Refunding obligations.
(a) The corporation may provide for the issuance of refunding obligations for the purpose of refunding obligations then outstanding that have been issued under this chapter, including the payment of the redemption premium on them and interest accrued or to accrue to the date of redemption of the obligations. The issuance of the obligations, the […]
Sec. 31.05.170. Definitions.
In this chapter, unless the context otherwise requires (1) “and” includes “or” and “or” includes “and”; (2) “commission” means the Alaska Oil and Gas Conservation Commission; (3) “correlative rights” mean the opportunity afforded, so far as it is practicable to do so, to the owner of each property in a pool to produce without waste […]
Sec. 31.15.010. Hearing on question of discrimination.
(a) Upon the complaint of a person having an interest in the production of oil from a field, the commission shall hold a hearing or hearings, or, at the commission’s own discretion, the commission may hold a hearing or hearings to determine if there has been unjust and unreasonable discrimination in purchases of oil offered […]
Sec. 31.15.020. Determination of common purchaser.
(a) Where a purchaser is purchasing from a field and the commission finds that the purchaser has unjustly and unreasonably discriminated in purchases with regard to oil offered for sale in favor of one or more owners of oil produced in the field, the commission shall order the purchaser to be a common purchaser with […]
Sec. 31.15.030. Responsibility of common purchaser.
(a) A common purchaser purchasing in this state shall purchase ratably without unjust and unreasonable discrimination in favor of any owner or producer over any other owner or producer offering to sell oil produced from a field where it is a common purchaser or from fields in reasonably close proximity to each other where it […]
Sec. 31.15.040. Penalty.
A person violating an order issued under this chapter shall be assessed by the commission a civil penalty of not less than $1,000 nor more than $10,000. Each day a violation continues constitutes a separate offense.
Sec. 31.15.050. Definitions.
In this chapter, (1) “commission” means the Regulatory Commission of Alaska; (2) “field” means a general area which is underlain or appears to be underlain by at least one pool, and includes the underground reservoir containing oil or gas; and the words “pool” and “field” mean the same thing when only one underground reservoir is […]
Sec. 31.25.005. Purpose.
The corporation shall, for the benefit of the state, to the fullest extent possible, (1) develop and have primary responsibility for developing natural gas pipelines, an Alaska liquefied natural gas project, and other transportation mechanisms to deliver natural gas in-state for the maximum benefit of the people of the state; (2) when developing natural gas […]
Sec. 31.25.007. Expedited review and action by state agencies or entities.
A state agency or entity conducting a review or taking action relating to a project under this chapter shall expedite the review or action in a manner consistent with the timely completion of the project.