If the commissioner approves an application and proposed project plan under AS 43.82.140
, the commissioner may develop a contract that may include


(1) terms concerning periodic payment in lieu of one or more taxes as provided in AS 43.82.210
;


(2) terms developed under AS 43.82.220
relating to


(A) timing and notice of the state's right to take royalty in kind or in value; and


(B) royalty value;


(3) terms regarding the hiring of Alaska residents and contracting with Alaska businesses under AS 43.82.230
;


(4) terms regarding periodic payment to, or an equity or other interest in a project for, municipalities under AS 43.82.500
;


(5) terms regarding arbitration or alternative dispute resolution procedures;


(6) terms and conditions for administrative termination of a contract under AS 43.82.445
; and


(7) other terms or conditions that are


(A) necessary to further the purposes of this chapter; or


(B) in the best interests of the state.