Sec. 44.83.940. Annual report.
Before March 1 of each year, the authority shall submit to the governor a comprehensive report describing operations, income and expenditures for the preceding 12-month period. The authority shall notify the legislature that the report is available.
Sec. 44.83.950. Appropriations and reports.
(a) Notwithstanding any other provision in this chapter, the authority is subject to the provisions of AS 37.07 (Executive Budget Act). (b) The authority shall, by the 15th day of each regular legislative session, prepare a report detailing project status, original costs, and projected costs, particularly highlighting any costs in excess of the original cost […]
Sec. 44.83.970. Public records; open meetings.
The provisions of AS 40.25.110 – 40.25.120 and AS 44.62.310 – 44.62.319 (Open Meetings Act) apply to the authority. The authority shall publish a proposed agenda of its meetings and afford the public an opportunity to be heard in accordance with AS 44.62.312.
Sec. 44.83.990. Definitions.
In this chapter, unless the context requires otherwise, (1) “authority” means the Alaska Energy Authority established by this chapter; (2) “bonds” means bonds, notes, or other obligations of the authority issued under this chapter; (3) “feasibility study” (A) means a study conducted for the purpose of establishing the economic and environmental practicality of completing a […]
Sec. 44.83.995. Short title.
This chapter may be cited as the Alaska Energy Authority Act.
Sec. 44.85.005. Legislative findings.
The legislature finds that (1) the rapid growth of municipalities in the state and the incorporation of new municipalities has created a demand for capital improvements that can only be met by these municipalities borrowing money through the issuance of bonds or notes; (2) many of these municipalities, although creditworthy, either have not issued bonds […]
Sec. 44.83.386. Investment of fund.
The authority shall invest the money in the fund in the manner provided in AS 37.10.070, 37.10.071, and 37.10.075. The authority may withdraw money from the fund only after costs have been incurred or amounts in the fund have been otherwise obligated under contracts for the acquisition and construction of a project.
Sec. 44.85.010. Legislative policy.
(a) It is the policy of the state to (1) foster and promote by all reasonable means the provision of adequate capital markets and facilities for borrowing money by municipalities in the state to finance capital improvements or for other authorized purposes, to assist these municipalities in fulfilling their capital needs and requirements by use […]
Sec. 44.83.388. Allotment to projects.
(a) The authority shall maintain records of power project allocations from the fund for each power project (1) approved in accordance with former AS 44.83.185; and (2) for which an allocation is made from an appropriation made by the legislature without specifying an appropriation to a project. (b) Income earned from investment of money appropriated […]
Sec. 44.85.020. Municipal Bond Bank Authority.
There is created the Alaska Municipal Bond Bank Authority. The authority is a public corporation of the state. The corporation is an instrumentality of the state within the Department of Revenue but has a legal existence independent of and separate from the state and has continuing succession until its existence is terminated by law. The […]