Section 3.107.267. State or federal funding of community facilities.

	(a)  A community facility is not eligible for power cost equalization if the costs of operating the community facility, or eligible portion of the community facility, are paid for by the state, federal government, or private commercial interests.  
	(b)  As used in (a) of this section, the receipt of state or federal government funds by a community facility is not state or federal government payment for the costs of operating the community facility if the local community will receive the benefits of the power cost equalization payment, rather than the state or federal government. The local community receives the benefits of the power cost equalization payment if  
		(1) the state or federal government does not direct the community facility to spend the state or federal government funds on operating costs of the community facility, and  
		(2) the power cost equalization payment will not reduce the amount of state or federal government funding provided to the community facility.  
	(c)  For all or a portion of a community facility that receives state or federal government funds to be eligible for power cost equalization payment under the criteria established in (b) of this section, the community facility must certify on a form acceptable to the authority that the receipt of state or federal government funding satisfies each condition of (b) of this section.  

Authorities

42.45.110;42.45.150;44.83.080

Notes

Authority

AS 42.45.110 AS 42.45.150 AS 44.83.080

History

Eff. 7/25/2014, Register 211