The authority shall have its financial records audited annually by a certified public accountant. The legislative auditor may prescribe the form and content of the financial records of the authority and shall have access to these records at any time.
The authority may not issue bonds except after 60 days notification of its intent to issue bonds is given to the governor and to the legislature, if the legislature is in session, or to the Legislative Budget and Audit Committee, if the legislature is not in session.
In requesting bids and awarding construction contracts under this chapter the authority may not require a contractor to obtain workers’ compensation, general liability, or other required insurance from a particular insurer, agent, or broker and may not agree to provide insurance to a contractor who is awarded a construction contract.
(a) When a project is operated by the authority, the authority shall enter into one or more contracts for the sale of electrical power, energy, transmission capacity, or service from the project. Unless the contract is entered into under former AS 44.83.380 – 44.83.425, a contract entered into under this section must meet all requirements […]
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.
(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 […]
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.
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 […]
This chapter may be cited as the Alaska Energy Authority Act.
