HB 372: "An Act relating to the four dam pool transfer fund."
00HOUSE BILL NO. 372 01 "An Act relating to the four dam pool transfer fund." 02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 03 * Section 1. AS 42.45.050(b) is amended to read: 04 (b) Unless otherwise provided in an appropriation, [SUBJECT TO 05 APPROPRIATION], the department shall transfer the balance of the four dam pool 06 transfer fund each month as follows: [IN ACCORDANCE WITH THIS 07 SUBSECTION. SUBJECT TO APPROPRIATION] 08 (1) 40 percent of the balance in the four dam pool transfer fund shall 09 be transferred to the power cost equalization and rural electric capitalization fund to 10 be used for power cost equalization and rural electric projects; 11 (2) 40 percent of the balance in the four dam pool transfer fund shall 12 be transferred to the Southeast energy fund to be used for power projects for utilities 13 participating in the power transmission intertie between the Swan Lake and Tyee Lake 14 hydroelectric projects; and
01 (3) 20 percent of the balance in the four dam pool transfer fund shall 02 be transferred to the power project fund to be used for statewide utility projects.