00 SENATE BILL NO. 255
01 "An Act relating to refunding of certain outstanding bonds issued by the Alaska
02 Industrial Development and Export Authority concerning the Snettisham hydroelectric
03 project and related assets; and providing for an effective date."
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:
05 * Section 1. The uncodified law of the State of Alaska is amended by adding a new section
06 to read:
07 LEGISLATIVE APPROVAL REGARDING REFUNDING CERTAIN
08 OUTSTANDING BONDS. (a) The Alaska Industrial Development and Export Authority may
09 issue bonds for the purpose of refunding outstanding bonds issued August 18, 1998, as
10 authorized by sec. 25, ch. 111, SLA 1996, to finance the acquisition of the Snettisham
11 hydroelectric project and related assets. The principal amount of the refunding bonds
12 described in this subsection may not exceed $100,000,000 and may include the costs of
13 refinancing, funding reserves, and other costs considered reasonable and appropriate by the
14 Alaska Industrial Development and Export Authority for purposes of refunding the
01 outstanding bonds.
02 (b) Subsection (a) of this section constitutes the legislative approval required by
03 AS 44.88.095(g).
04 * Sec. 2. This Act takes effect immediately under AS 01.10.070(c).