Statutes > Alaska Statutes > Title 43 - REVENUE AND TAXATION > Chapter 43.82. - ALASKA STRANDED GAS DEVELOPMENT ACT > Article 03 - CONTRACT DEVELOPMENT > Sec. 43.82.250. - Term of contract; effective date.

Sec. 43.82.250. - Term of contract; effective date.

The term of a contract developed under AS 43.82.020 may be for no longer than is necessary to develop the stranded gas that is subject to the contract; however, the term of the contract may not exceed 35 years from the commencement of commercial operations of the approved qualified project.