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 […]
Sec. 44.83.396. Operation of power project.
(a) A power project that was acquired or constructed under AS 44.83.080(18) or as part of the former energy program for Alaska is owned, and shall be administered, by the authority. (b) When a power project has been acquired or constructed by the authority, the project may be operated for the authority under a contract […]
Sec. 44.85.030. Membership and vacancies.
The bond bank authority consists of the following five directors: the commissioner of revenue, the commissioner of commerce, community, and economic development, who shall each be a director ex officio with voting privileges, and three directors appointed by the governor. The appointment of each director other than the commissioner of revenue and the commissioner of […]
Sec. 44.83.425. Definitions.
In AS 44.83.382 – 44.83.425, (1) “debt service” means the amounts covenanted with respect to, or pledged to pay, bonds under a trust agreement securing bonds; (2) “fund” means the power development fund established by AS 44.83.382; (3) “qualified utility” means an electric utility or an electric operating entity established as an instrumentality of two […]
Sec. 44.85.040. Officers, quorum, and meetings.
(a) The directors shall elect one of their number as chairman. The directors shall elect a secretary and a treasurer who need not be directors, and the same person may be elected to serve both as secretary and treasurer. The powers of the bond bank authority are vested in the directors, and three directors of […]
Sec. 44.83.085. Susitna River power project annual report.
The authority shall prepare, not later than the first day of each regular session of the legislature, an annual report summarizing the status of the Susitna River power project and shall notify the legislature that the report is available.
Sec. 44.83.090. Power contracts and the Regulatory Commission of Alaska.
(a) The authority shall, in addition to the other methods that it may find advantageous, provide a method by which municipal electric, rural electric, cooperative electric, or private electric utilities and regional electric authorities, or other persons authorized by law to engage in the distribution of electricity may secure a reasonable share of the power […]
Sec. 44.83.092. Authority for municipalities and utilities to enter into power sales contracts.
The authority and any municipality or public or private entity operating an electric utility, or a municipality or private entity and another municipality or private entity, may enter into a contract providing for or relating to the sale of electric power by the authority to the municipality or entity, or by the municipality or entity […]
Sec. 44.83.100. Bonds of the authority.
(a) The authority may borrow money and may issue bonds, including but not limited to bonds on which the principal and interest are payable (1) exclusively from the income and receipts or other money derived from the project financed with the proceeds of the bonds; (2) exclusively from the income and receipts or other money […]