Legislature(1993 - 1994)
1993-02-19 Senate Journal
No results found showing results without SB%20125
Full Journal pdf1993-02-19 Senate Journal Page 0414 SB 124 For interties that meet the criteria of connecting two or more utility systems that were not previously linked or that provide a second circuit to improve reliability and transfer capability, this legislation allows the authority to issue loans up to a 50-year term at no interest. I urge your favorable consideration of this important legislation. Sincerely, /s/ Walter J. Hickel Governor SB 125 SENATE BILL NO. 125 by the Senate Rules Committee by request of the Governor, entitled: "An Act making appropriations to the energy authority revolving fund; and providing for an effective date." was read the first time and referred to the Labor and Commerce and Finance Committees. Governor's transmittal letter dated February 19: Dear Mr. President: Under the authority of art. III, sec. 18, of the Alaska Constitution, I am transmitting a bill making an appropriation to capitalize the energy authority revolving fund. This appropriation bill is a companion to a bill that I am transmitting relating to the financial restructuring of the Alaska Energy Authority (AEA) and the creation of the energy authority revolving fund. This bill appropriates to the energy authority revolving fund the balance in the Railbelt intertie reserve and the Railbelt energy fund, surplus money from the Bradley Lake Hydroelectric Project, and the portfolios, interest, and security agreements of several AEA loan programs. These appropriations will provide a funding source for