(a) The power cost equalization endowment fund is established as a separate fund of the authority. The fund consists of

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Terms Used In Alaska Statutes 42.45.070

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • authority: means the Alaska Energy Authority. See Alaska Statutes 42.45.990
  • power: includes electrical energy generated, distributed, bought, or sold for lighting, heating, power, and every other useful purpose. See Alaska Statutes 42.45.990
(1) legislative appropriations to the fund that are not designated for annual expenditure for the purpose of power cost equalization;
(2) accumulated earnings of the fund;
(3) gifts, bequests, contributions of money and other assets, and federal money given to the fund that are not designated for annual expenditure for power cost equalization; and
(4)[Repealed, Sec. 13 ch 60 SLA 2000].
(b) Nothing in this section creates a dedicated fund.
(c)[Repealed, Sec. 13 ch 60 SLA 2000].
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