Upon the transfer of a federal lease to the state, Alaska succeeds as the lessor, and all obligations accruing after that date are owed to Alaska, and all payments, reports, notices, applications, and similar matters required or permitted under the lease must, after that date, be addressed as directed by the commissioner. The commissioner is authorized to enforce all obligations, give all notices, make all determinations and do all other things that any officer or representative of the United States could do if the lease remained a federal lease.

(Eff. 9/5/74, Register 51; am 7/22/79, Register 71)

Authority: AS 38.05.020, AS 38.05.145