A proposed project plan submitted under Alaska Stat. § 43.82.120 may be approved as a qualified project plan under Alaska Stat. § 43.82.140 if the proposed project plan

(1) reflects a proposal for diligent development of the project on the part of the applicant;
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Terms Used In Alaska Statutes 43.82.130

  • Contract: A legal written agreement that becomes binding when signed.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(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.
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