54 chapters · 1,061 sections in this title.
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 44.83.162 Secs. 44.83.162 — 44.83.165. Power cost equalization. [Repealed, § 28 ch 18 SLA 1993. For present law, see AS 42.45.100 — 42.45.190.]
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[Repealed or reserved.]
AS 44.83.170 Power project fund. [Repealed, § 28 ch 18 SLA 1993. For present law, see AS 42.45.010.]
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[Repealed or reserved.]
AS 44.83.177 Secs. 44.83.177 — 44.83.185. Reconnaissance and feasibility studies. [Repealed, § 28 ch 18 SLA 1993.]
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[Repealed or reserved.]
AS 44.83.186 Final cost estimate and reauthorization by the legislature. [Repealed, § 27 ch 89 SLA 1983.]
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[Repealed or reserved.]
AS 44.83.187 Secs. 44.83.187 — 44.83.189. Applicability of sections; project construction. [Repealed, § 28 ch 18 SLA 1993.]
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[Repealed or reserved.]
AS 44.83.190 Secs. 44.83.190 — 44.83.240. [Renumbered as AS 44.83.900 — 44.83.995.]
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[Repealed or reserved.]
AS 44.83.300 Secs. 44.83.300 — 44.83.360. Susitna River hydroelectric project. [Repealed, § 28 ch 18 SLA 1993.]
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[Repealed or reserved.]
AS 44.83.361 Secs. 44.83.361 , 44.83.363. Rural electrification revolving loan fund. [Repealed, § 28 ch 18 SLA 1993.]
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[Repealed or reserved.]
AS 44.83.370 Electrical service extension fund established. [Repealed, § 28 ch 18 SLA 1993.]
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Article 4. Power Projects.
AS 44.83.380 Program established. [Repealed, § 28 ch 18 SLA 1993.]
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[Repealed or reserved.]
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 44.83.390 Secs. 44.83.390 , 44.83.392. Reappropriation of fund balance; lapse of excess appropriations. [Repealed, § 28 ch 18 SLA 1993.]
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[Repealed or reserved.]
AS 44.83.394 Revenue requirements. [Repealed, § 27 ch 89 SLA 1983.]
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[Repealed or reserved.]
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 44.83.398 Sale of power from power project. [Repealed, § 13 ch 60 SLA 2000.]
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[Repealed or reserved.]
AS 44.83.400 Energy conservation. [Repealed, § 28 ch 18 SLA 1993.]
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[Repealed or reserved.]
AS 44.83.410 Appropriation for Railbelt energy development. [Repealed, § 317 ch 171 SLA 1984.]
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[Repealed or reserved.]
AS 44.83.420 Continuing appropriation for Bradley Lake hydroelectric project. [Repealed, § 318 ch 171 SLA 1984.]
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[Repealed or reserved.]
AS 44.83.425 Definitions.
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Article 5. Power Development Revolving Loan Fund. 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…
AS 44.83.500 Creation of fund. [Repealed, § 28 ch 18 SLA 1993.]
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[Repealed or reserved.]
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 44.83.520 Loan terms. [Repealed, § 28 ch 18 SLA 1993.]
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[Repealed or reserved.]
AS 44.83.525 Rate reopeners. [Repealed, § 13 ch 60 SLA 2000.]
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[Repealed or reserved.]
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 44.83.600 Secs. 44.83.600 — 44.83.650. Bulk fuel revolving loan fund. [Repealed, § 28 ch 18 SLA 1993. For present law, see AS 42.45.250 — 42.45.299.]
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Article 6. Railbelt Transmission Organization.
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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Article 7. Miscellaneous and General Provisions. 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 Com…
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 44.83.960 Long-term energy plan. [Repealed, § 16 ch 134 SLA 1990.]
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[Repealed or reserved.]
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.
AS 44.85.005 Legislative findings.
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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 o…
AS 44.85.010 Legislative policy.
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(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 munici…
AS 44.85.020 Municipal Bond Bank Authority.
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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 continui…
AS 44.85.030 Membership and vacancies.
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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 app…
AS 44.85.040 Officers, quorum, and meetings.
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(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 dir…
AS 44.85.050 Bonding of members.
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Before the issuance of bonds or notes under this chapter, each director shall execute a surety bond in the penal sum of $25,000 and the treasurer shall execute a surety bond in the penal sum of $50,000. Each surety bond shall be conditioned upon the faithful performance of the du…
AS 44.85.060 Compensation and expenses.
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The directors of the bond bank authority shall serve without compensation, but the bond bank authority shall reimburse its directors for actual expenses necessarily incurred in the discharge of their duties. Notwithstanding any other law, an officer or employee of the state need …