SB 381: "An Act relating to the contracting and financing authority of the Alaska Industrial Development and Export Authority; authorizing the authority to issue bonds in a principal amount not to exceed $101,000,000 to finance the acquisition, design, construction, inventory, and operation of natural gas, propane air, or manufactured gas public utility facilities; and providing for an effective date."
00 SENATE BILL NO. 381 01 "An Act relating to the contracting and financing authority of the Alaska Industrial 02 Development and Export Authority; authorizing the authority to issue bonds in a 03 principal amount not to exceed $101,000,000 to finance the acquisition, design, 04 construction, inventory, and operation of natural gas, propane air, or manufactured gas 05 public utility facilities; and providing for an effective date." 06 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 07 * Section 1. The uncodified law of the State of Alaska is amended by adding a new section 08 to read: 09 BOND APPROVAL. (a) Under AS 44.88, the Alaska Industrial Development and 10 Export Authority may issue bonds to finance the acquisition, design, construction, inventory, 11 and operation of facilities to provide natural gas, propane air, or manufactured gas public 12 utility service under Regulatory Commission of Alaska Certificate of Public Convenience and 13 Necessity No. 572 to the unified municipalities of Juneau and Sitka, the boroughs of
01 Fairbanks North Star, Haines, Ketchikan Gateway, Kodiak Island, and Yakutat, the cities of 02 Angoon, Cordova, Craig, Kake, Klawock, Petersburg, Skagway, Seward, Valdez, and 03 Wrangell, and the communities of Klukwan and Metlakatla. The principal amount of the 04 bonds may not exceed $101,000,000. Bonds may not be issued under this section after July 1, 05 2009. 06 (b) Subsection (a) of this section grants the legislative approval required by 07 AS 44.88.095(g). 08 * Sec. 2. This Act takes effect immediately under AS 01.10.070(c).