Do not approve NACs. Today, many state officials sent you a letter explaining why NACs should not be approved. The letter made many good points. NACs attempt to create value from our natural assets and this doesn't make sense. Private citizens should not be able to profit from public natural assets. The accounting rules for NACs are made-up and untested. GAAP accounting is not used. Foreign companies should not be allowed to own our natural resources through NACs. NACs may be able to profit from reducing economic activity such as farming. In summary, do not approve NACs.