Alaska Statutes — Title 43 (Revenue and Taxation)
AS 43.82.110
Qualified sponsor or qualified sponsor group
The commissioner may determine that a person or group is a qualified sponsor or qualified sponsor group if the person or a member of the group
# (1)
intends to own an equity interest in a qualified project, intends to commit gas that it owns to a qualified project, or holds the permits that the department determines are essential to construct and operate a qualified project; and
# (2)
meets one or more of the following criteria:
# (A)
owns a working interest in at least 10 percent of the stranded gas proposed to be developed by a qualified project;
# (B)
has the right to purchase at least 10 percent of the stranded gas proposed to be developed by a qualified project;
# (C)
has the right to acquire, control, or market at least 10 percent of the stranded gas proposed to be developed by a qualified project;
# (D)
has a net worth equal to at least 10 percent of the estimated cost of constructing a qualified project;
# (E)
has an unused line of credit equal to at least 15 percent of the estimated cost of constructing a qualified project.
Source: official source document (full Title 43 PDF)
In this chapter (39 sections)
- 43.82.010 · Purpose
- 43.82.020 · Contracts for payments in lieu of other taxes and for…
- 43.82.100 · Qualified project
- 43.82.110 · Qualified sponsor or qualified sponsor group
- 43.82.120 · Applications
- 43.82.130 · Qualified project plan
- 43.82.140 · Review of applications and determination of qualifications
- 43.82.150 · Actions challenging determinations on applications
- 43.82.160 · Multiple applications for similar or competing qualified…
- 43.82.170 · Application deadline
- 43.82.180 · Withdrawal of applications
- 43.82.200 · Contract development
- 43.82.210 · Contract terms relating to payment in lieu of one or more…
- 43.82.220 · Contract terms relating to royalty
- 43.82.230 · Contract terms relating to hiring of Alaska residents and…
- 43.82.240 · Use of an independent contractor
- 43.82.250 · Term of contract; effective date
- 43.82.260 · Change of parties to an application or a contract;…
- 43.82.270 · Project plans and work commitments
- 43.82.300 · Requests for information
- 43.82.310 · Disclosure of information; confidentiality
- 43.82.400 · Preliminary findings and determination regarding the…
- 43.82.410 · Notice and comment regarding the contract
- 43.82.420 · Coordination of public and legislative review
- 43.82.430 · Final findings, determination, and proposed amendments;…
- 43.82.435 · Legislative authorization
- 43.82.440 · Judicial review
- 43.82.445 · Administrative termination of a contract
- 43.82.500 · Obligation to share payments with municipalities
- 43.82.505 · Payments to economically affected municipalities
- 43.82.510 · Municipal advisory group
- 43.82.520 · Duties of the commissioner of revenue in relation to…
- 43.82.600 · Governing law
- 43.82.610 · Regulations
- 43.82.620 · Procedures for collection of amounts due; security
- 43.82.630 · Reports and audits
- 43.82.640 · Annual report of the commissioner of labor and workforce…
- 43.82.900 · Definitions
- 43.82.990 · Short title