A bidder is entitled to a priority over general bidders if the bidder meets the requirements of the special classes described in the invitation to bid and applies to the commissioner for a designation of priority rating before submitting a bid for royalty oil, gas, or associated substances. Application must be made in the manner and at the time specified in the invitation to bid. A bidder is not entitled to exercise a priority over general bidders unless the bidder has received designation from the commissioner under this section and has met any requirements listed in the invitation to bid relating to the bid process.

(Eff. 12/12/80, Register 76; am 8/8/84, Register 91; am 5/22/93, Register 126)

Authority: AS 38.05.020, AS 38.05.183