The $100,000 Alaska miscellaneous land use bond is a requirement of the state's Division of Oil And Gas. Approval for this surety bond is based on good credit. The rate is estimated to be at 1%. Please call our agency today at 844-589-9732.
According to the Alaska Department of Natural Resources, land use permits allow you to use Alaska land for a variety of purposes, and for a period of between 1 – 5 years.
The surety requirement is a $100,000 bond in favor of the state. The bond is also referred to as an Alaska Statewide Miscellaneous Land Use Bond. Your bond is issued for a one year term.
Qualifying for the Alaska miscellaneous land use bond requires an application, which we’ll take from you over the phone.
As part of the application process, a credit check is required. Our surety (and, in fact, all agencies --- not just our own) uses a “soft pull” which does not affect your credit score.
Approval for this bond will require good credit; it will either be very difficult otherwise, or your application will most likely be denied entirely without it.
Approval for this bond is typically at about 1%.
Once issued, the bond is sent to you for filing along with a Power of Attorney form. Upon receipt in the mail, you’ll sign your bond as Principal and file it along with your Power of Attorney form to:
State of Alaska
Department of Natural Resources, Division of Oil & Gas
550 W. 7th Avenue, Suite 1100
Anchorage, AK 99501-3563
907-269-8800
As mentioned above, your bond is issued for a one year period and will renew on the anniversary of its issuance. A current and active bond must be on file for as long as your permit and the state of Alaska require it.
Your miscellaneous land use bond is required as a financial guarantee for those have a lawful right (i.e. the state of Alaska; and/or any land owners) to monetary compensation as stated under Alaska Statute 38.05.130, as amended.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate, and other surety bonds in Alaska.
Our agency is also a provider of surety bonds in all 50 states. Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you...
