CSHB 243(FIN): "An Act relating to the financial plan for the intertie between the Swan Lake and Tyee Lake hydroelectric projects; and providing for an effective date."
00 CS FOR HOUSE BILL NO. 243(FIN) 01 "An Act relating to the financial plan for the intertie between the Swan Lake and Tyee 02 Lake hydroelectric projects; and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. The uncodified law of the State of Alaska is amended by adding a new section 05 to read: 06 LEGISLATIVE AUTHORIZATION TO AMEND THE MEMORANDUM OF 07 UNDERSTANDING AUTHORIZING THE SALE OF THE FOUR DAM POOL 08 HYDROELECTRIC PROJECT. Notwithstanding the restrictions imposed by sec. 15(a), ch. 09 60, SLA 2000, the memorandum of understanding that authorizes the sale of the four dam 10 pool hydroelectric project may be amended to extend from April 11, 2005, to April 11, 2006, 11 the time within which the purchaser must provide Alaska Industrial Development and Export 12 Authority with an approved finance plan demonstrating committed funds sufficient to 13 complete the Southeast intertie. 14 * Sec. 2. This Act takes effect immediately under AS 01.10.070(c).