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Alaska Statutes, Title 44

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Alaska/Statutes

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Title 44, State Government

54 chapters · 838 sections in this title.

All chapters in Title 44838 Ch 62, Administrative Procedure Act.83 Ch 88, Alaska Industrial Development and Ex…82 Ch 33, Department of Commerce, Community, a…78 Ch 12, Holidays, Agency Office Hours, and O…74 Ch 29, Department of Health.54 Ch 19, Office of the Governor.46 Ch 85, Alaska Municipal Bond Bank Authority.46 Ch 83, Alaska Energy Authority.36 Ch 21, Department of Administration.33 Ch 50, Notaries Public.31 Ch 25, Department of Revenue.30 Ch 99, Miscellaneous Provisions and Policies.27 Ch 09, State Seal, Flag, and Emblems.26 Ch 81, Commercial Fishing and Agriculture Bank.24

36 sections·Filtered byTitle 44✕Ch 83✕

AS 44.83.020 Creation of authority.
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There is created the Alaska Energy Authority. The authority is a public corporation of the state in the Department of Commerce, Community, and Economic Development but with separate and independent legal existence.
AS 44.83.030 Members of the board.
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(a) The members of the board of directors of the authority are (1) the commissioner of revenue; (2) the commissioner of commerce, community, and economic development; and (3) six public members appointed by the governor as follows: (A) one member with expertise or experience in m…
AS 44.83.040 Transaction of business.
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(a) The board of directors of the authority shall elect a chair and vice-chair every two years from among its members. The powers of the authority are vested in the board of directors, and five board members constitute a quorum. Action may be taken and motions and resolutions ado…
AS 44.83.043 Officers and employees.
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The authority may, as the authority considers advisable, appoint persons as officers, including an executive director, and employ professional advisors, counsel, technical experts, agents, and other employees. The executive director and employees of the authority are in the exemp…

AS 44.83.070 Purpose of the authority.

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The purpose of the authority is to promote, develop, and advance the general prosperity and economic welfare of the people of the state by providing a means of financing and operating power projects and facilities that recover and use waste energy and by carrying out the powers a…

AS 44.83.080 Powers of the authority.

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In furtherance of its corporate purposes, the authority has the following powers in addition to its other powers: (1) to sue and be sued; (2) to have a seal and alter it at pleasure; (3) to make and alter bylaws for its organization and internal management; (4) to adopt regulatio…

AS 44.83.085 Susitna River power project annual report.

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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.

AS 44.83.090 Power contracts and the Regulatory Commission of Alaska.

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(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 enga…

AS 44.83.092 Authority for municipalities and utilities to enter into power sales contracts.

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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 …

AS 44.83.100 Bonds of the authority.

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(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…

AS 44.83.110 Trust indentures and trust agreements.

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(a) In the discretion of the authority, an issue of bonds may be secured by a trust indenture or trust agreement between the authority and a corporate trustee (which may be a trust company, bank, or national banking association, with corporate trust powers, located inside or outs…

AS 44.83.120 Validity of pledge.

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It is the intention of the legislature that a pledge made in respect of bonds is considered perfected and is valid and binding from the time the pledge is made; that the money or property so pledged and thereafter received by the authority shall immediately be subject to the lien…

AS 44.83.130 Nonliability on bonds.

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(a) Neither the members of the authority nor a person executing the bonds is liable personally on the bonds or is subject to personal liability or accountability by reason of the issuance of the bonds. (b) The bonds issued by the authority do not constitute an indebtedness or oth…

AS 44.83.140 Pledge of the state.

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The state pledges to and agrees with the holders of bonds issued under this chapter and with the federal agency which loans or contributes funds in respect to a project, that the state will not limit or alter the rights and powers vested in the authority by this chapter to fulfil…

AS 44.83.150 Tax exemption.

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All property of the authority is public property devoted to an essential public and governmental function and purpose and is exempt from all taxes of the state or a political subdivision of the state; however, the authority may make payments in place of taxes in amounts equal to …

AS 44.83.160 Bonds legal investments for fiduciaries.

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The bonds of the authority are securities in which all public officers and bodies of the state and all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on any insurance business, all banks, bankers, trust companies, sa…

AS 44.83.382 Power development fund established.

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(a) A power development fund is established in the Alaska Energy Authority to carry out the purposes of former AS 44.83.380 — 44.83.425. (b) The fund includes money appropriated to it by the legislature.

AS 44.83.384 Use of fund balance.

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(a) The fund may be used by the authority to provide money for (1) the defeasance of bonds, or the payment of debt service on loans for or on an issue of bonds sold in connection with a power project constructed or acquired before August 11, 1993; (2) the cost of operating and ma…

AS 44.83.386 Investment of fund.

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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 acqui…

AS 44.83.388 Allotment to projects.

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(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 appropriatio…

AS 44.83.396 Operation of power project.

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(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 ope…

AS 44.83.425 Definitions.

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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 utilit…

AS 44.83.510 Powers and duties of authority in administering the fund.

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(a) Repayment of a loan from the former power development revolving loan fund must be made with the proceeds from the sale of power from projects in the former energy program for Alaska. (b) [Repealed, § 28 ch 18 SLA 1993.]

AS 44.83.530 Definitions.

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In AS 44.83.500 — 44.83.530, (1) “fund” means the former power development revolving loan fund; and (2) “power project” means a project acquired or constructed under the former energy program for Alaska, AS 44.83.380 — 44.83.425.

AS 44.83.700 Railbelt Transmission Organization.

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(a) The Railbelt Transmission Organization is created for the purpose of establishing an open access transmission tariff that (1) provides for recovery of transmission costs and related ancillary services; and (2) replaces wholesale charges assessed by unit by each utility in the…

AS 44.83.710 Revenue mechanism.

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(a) The transmission organization shall hold and administer a commission-approved nondiscriminatory open access transmission tariff for the backbone transmission system. (b) The transmission organization shall file with the commission a nondiscriminatory open access transmission …

AS 44.83.720 Definitions.

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In AS 44.83.700 — 44.83.720, (1) “backbone transmission system” means the transmission assets in the Railbelt that facilitate the transmission of electrical power under the standards established by the Federal Energy Regulatory Commission; (2) “commission” means the Regulatory Co…

AS 44.83.900 Annual audit.

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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.

AS 44.83.910 Limitations on issuance of bonds by the authority.

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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.

AS 44.83.920 Insurance requirements in construction contracts.

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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 …

AS 44.83.930 Operation of projects.

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(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 contrac…

AS 44.83.940 Annual report.

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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.

AS 44.83.950 Appropriations and reports.

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(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 pro…

AS 44.83.970 Public records; open meetings.

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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.

AS 44.83.990 Definitions.

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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 conduc…

AS 44.83.995 Short title.

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This chapter may be cited as the Alaska Energy Authority Act.