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).