Section 42.45.070. Power cost equalization endowment fund established.

   (a) The power cost equalization endowment fund is established as a separate fund of the authority. The fund consists of
        (1) legislative appropriations to the fund that are not designated for annual expenditure for the purpose of power cost equalization;
        (2) accumulated earnings of the fund;
        (3) gifts, bequests, contributions of money and other assets, and federal money given to the fund that are not designated for annual expenditure for power cost equalization; and
        (4)   [Repealed, Sec. 13 ch 60 SLA 2000]. 
   (b) Nothing in this section creates a dedicated fund.
   (c)   [Repealed, Sec. 13 ch 60 SLA 2000]. 

Authorities

42.45.099;42.45.100;42.45.170

Notes

References

AS 42.45.099 Definition.
AS 42.45.100 Power cost equalization and rural electric capitalization fund.
AS 42.45.170 Equalization assistance to unregulated utilities.

History

(Sec. 6 ch 60 SLA 2000; am Sec. 7, 13 ch 60 SLA 2000)