Section 17 AAC 42.342 - Notice of intent to award; auctions(a) The airport manager shall identify and announce the highest bid and bidder at the auction. Subject to (c) of this section and to the provisions of 17 AAC 42.345, the identification of the highest bidder constitutes the manager's notice of intent to award the lease, permit, or concession to that bidder. The highest bidder must sign the lease, permit, or concession at the auction.(b) Before the airport manager signs the lease, permit, concession, or other related document, the manager shall determine whether the highest bidder has fulfilled all the auction requirements and is responsible. The manager may not sign the lease, permit, or concession earlier than seven days after the date of the auction.(c) If at an auction the airport manager receives only one bid from a qualified and responsible bidder, the manager shall either award the lease, permit, or concession to that bidder or, if the manager determines that the bid is not in the best interest of the state, reject the bid under 17 AAC 42.345.Eff. 1/14/2001, Register 157Authority:AS 02.15.020
AS 02.15.060
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