(a) Only an applicant under AS 43.82.120 who is aggrieved by a determination of the commissioner of revenue or the commissioner of natural resources under AS 43.82.140 may seek judicial review of the determination.
(b) The only grounds for judicial review of a determination made under AS 43.82.140 are (1) failure to follow the qualification and application procedures set out in AS 43.82.100 — 43.82.180; or
(2) abuse of discretion that is so capricious, arbitrary, or confiscatory as to constitute a denial of due process.