Sec. 44.88.650. Sustainable energy transmission and supply development program.
The sustainable energy transmission and supply development program is created in the authority to promote and provide financing for qualified energy development in the state to alleviate unemployment and contribute to the state’s economic welfare, economic diversity, and economic development.
Sec. 44.88.660. Alaska Industrial Development and Export Authority sustainable energy transmission and supply development fund.
The Alaska Industrial Development and Export Authority sustainable energy transmission and supply development fund is established in the authority. The development fund consists of appropriations made to the development fund by the legislature, money or other assets transferred to the development fund by a vote of the members of the authority under AS 44.88.050 from […]
Sec. 44.88.670. Use of fund balance.
Subject to the requirements of AS 44.88.650 – 44.88.690, the authority may use money in the Alaska Industrial Development and Export Authority sustainable energy transmission and supply development fund (AS 44.88.660) to assist in the construction, improvement, rehabilitation, and expansion of qualified energy development.
Sec. 44.88.680. Qualified energy development; powers and duties of the authority.
(a) Subject to the limitations of AS 44.88.690, for qualified energy development, the authority may (1) use the Alaska Industrial Development and Export Authority sustainable energy transmission and supply development fund (AS 44.88.660) to finance qualified energy development, insure project obligations, guarantee loans or bonds, and establish reserves; (2) acquire real or personal property by […]
Sec. 44.88.690. Limitations on financing; use as security.
(a) Unless the authority has obtained legislative approval by law, the authority may not use the Alaska Industrial Development and Export Authority sustainable energy transmission and supply development fund established in AS 44.88.660 to (1) make a loan for more than one-third of the capital cost of qualified energy development; (2) make a loan guarantee […]