Title 3 . Commerce, Community, and Economic Development

Chapter 106 . Financial and Technical Assistance for Energy Systems, Facilities, and Equipment

Section 900. Definitions

3 AAC 106.900. Definitions

(a) In this chapter, unless the context requires otherwise,

(1) deleted;

(2) "financially feasible" means that the authority has determined that enough money is available from all sources to complete the project, and that enough money is estimated to be available in the future to repay any debt incurred in connection with the project; taking into consideration the relationship between the estimated user fees or charges upon completion of the project and the estimated user fees or charges if consumers of services provided by the project would have continued to receive services from existing sources, the relationship between the estimated user fees or charges upon completion of the project and the present or estimated user fees or charges for similar services in the state, and whether the loan is secured by a means other than by a pledge or revenues of the project;

(3) "fiscal year" means the state fiscal year;

(4) "regional corporation" means an Alaska Native regional corporation established under the laws of this state in accordance with the provisions of 43 U.S.C. 1061 - 1629(e) (Alaska Native Claims Settlement Act).

(b) In AS 42.45, unless the context requires otherwise, "nonprofit marketing cooperative" means a cooperative organized under AS 10.15 (Alaska Cooperative Corporation Act), which is operated on a nonprofit basis for the mutual benefit of its members and which has bylaws containing provisions relating to the disposition of revenues and receipts as may be necessary and appropriate to establish and maintain its nonprofit and cooperative character, or a cooperative organized under AS 10.25 (Electric and Telephone Cooperative Act) that exercises the powers granted to an electric cooperative by AS 10.25.020 .

(c) In AS 42.45 and this chapter, unless the context requires otherwise,

(1) "economically viable" means

(A) a project for which the long term benefits exceed the long term costs; or

(B) the project is financially feasible in the absence of a government grant for the project;

(2) "extension of electric service" means the point when at least three new customers begin receiving electric service through an extension made in connection with a loan from the rural electrification revolving loan fund;

(3) "immediate service" means electric service provided within 30 days after completion of the extension of electric service made in connection with a loan from the rural electrification revolving loan fund;

(4) "village corporation" means an Alaska Native Village Corporation organized under the laws of the State of Alaska as a business for profit or nonprofit corporation to hold, invest, manage, and distribute land, property, money, and other rights and assets for and on behalf of a native village in accordance with the terms of the Alaska Native Claims Settlement Act (PL 920-203);

(5) "village council" means the duly elected governing body of an unincorporated community which has between 25 and 600 people residing within a two-mile radius.

(6) "authority" means the Alaska Energy Authority created in AS 44.83.020 .

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

Authority: AS 44.83.080