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Title 3 . Commerce, Community, and Economic Development
Chapter 106 . Financial and Technical Assistance for Energy Systems, Facilities, and Equipment
Section 200. Use of loan proceeds

3 AAC 106.200. Use of loan proceeds

(a) A borrower who receives a loan from the rural electrification revolving loan fund may use the loan only to pay for capital improvements that extend the borrower's transmission and distribution system to customers not previously receiving service from a public utility. A borrower may not use the loan to provide electric power generation or fuel storage facilities, or for reconstruction or upgrade of existing transmission and distribution lines.

(b) A borrower who receives a loan from the rural electrification revolving loan fund shall use money available to the borrower, other than the proceeds of the loan, to acquire and install one transformer, one span of line, one pole, and one service drop for each customer to who immediate service is provided. The borrower may use proceeds of the loan to pay for additional costs of providing service to a customer receiving immediate service that are not paid by the customer.

History: Eff. 2/16/96, Register 137

Authority: AS 42.45.020

AS 44.83.080

Editor's note: Before 2/16/96, Register 137, the substance of 19 AAC 96.200 was set out in former 3 AAC 94.200. The history note of 19 AAC 96.200 does not reflect the history of 3 AAC 94.200.

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Last modified 7/05/2006