Sec. 42.45.070. Power cost equalization endowment fund established.
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Sec. 42.45.070. Power cost equalization endowment fund established.
(a)The power cost equalization endowment fund is established as a separate fund of the authority. The fund consists of
(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(4)[Repealed, § 13 ch 60 SLA 2000.]
(b)Nothing in this section creates a dedicated fund.
(c)[Repealed, § 13 ch 60 SLA 2000.]