Sec. 44.83.425. Definitions.
107 words·~1 min read·
/ak/title-44/chapter-83/44-83-425A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 44.83.425. Definitions.
In AS 44.83.382 — 44.83.425,
(1)“debt service” means the amounts covenanted with respect to, or pledged to pay, bonds under a trust agreement securing bonds;
(2)“fund” means the power development fund established by AS 44.83.382 ;
(3)“qualified utility” means an electric utility or an electric operating entity established as an instrumentality of two or more electric utilities certified under AS 42.05 to serve all or part of a market area that is served or will be served by the power project, that the authority determines is capable of operating and maintaining the power project.
Article 5. Power Development Revolving Loan Fund.