SB 175: "An Act relating to revenue bonds issued by the Alaska Industrial Development and Export Authority for interties between Healy and Fairbanks and between Anchorage and the Kenai Peninsula; and providing for an effective date."
00SENATE BILL NO. 175 01 "An Act relating to revenue bonds issued by the Alaska Industrial Development 02 and Export Authority for interties between Healy and Fairbanks and between 03 Anchorage and the Kenai Peninsula; and providing for an effective date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. Section 29, ch. 18, SLA 1993, is amended to read: 06 Sec. 29. The Alaska Industrial Development and Export Authority may issue 07 revenue bonds for the benefit of the utilities participating in the intertie, or for the 08 benefit of the subsidiaries or other entities formed by one or more participating 09 utilities, to jointly finance the acquisition, design, and construction of a power 10 transmission intertie of at least 138 kilovolts between Healy and Fairbanks [AND 11 OWNED, FOR THE BENEFIT OF ALL OF THE UTILITIES PARTICIPATING IN 12 THE INTERTIE, BY GOLDEN VALLEY ELECTRIC ASSOCIATION, INC]. The 13 principal amount of the bonds may not exceed $60,000,000. 14 * Sec. 2. Section 30, ch. 18, SLA 1993, is amended to read:
01 Sec. 30. The Alaska Industrial Development and Export Authority may issue 02 revenue bonds for the benefit of the utilities participating in the intertie, or for the 03 benefit of the subsidiaries or other entities formed by one or more participating 04 utilities, to jointly finance the acquisition, design, and construction of a power 05 transmission intertie of at least 138 kilovolts between Anchorage and the Kenai 06 Peninsula [TO BE OWNED, FOR THE BENEFIT OF ALL OF THE UTILITIES 07 PARTICIPATING IN THE INTERTIES, BY CHUGACH ELECTRIC 08 ASSOCIATION, INC]. The principal amount of the bonds may not exceed 09 $60,000,000. 10 * Sec. 3. This Act takes effect immediately under AS 01.10.070(c).