390.9 Definitions.
163 words·~1 min read·
/ia/chapter-390-joint-electrical-utilities/390-9·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For purposes of this subchapter, unless the context otherwise requires:
1. “Electric power agency” means an entity financing or acquiring an electric power facility pursuant to this chapter, chapter 28E, or chapter 28F. An electric power agency may be organized as a nonprofit corporation, limited liability company, or as a separate administrative or legal entity pursuant to chapter 28E. When the electric power agency is comprised solely of cities or solely of cities and other political subdivisions, the electric power agency shall be a political subdivision of the state with the name under which it was organized, and shall have all the powers of a city or city utility under this chapter.
2. “Facility”, “joint facility”, “electric power facility”, or “project” means an electric power generating plant, or transmission line or system, including a joint facility as defined in section 390.1, subsection 7.
3. “Public bond or obligation” means an obligation as defined in section 76.14.
Referred to in §12C.1, 390.8A, 476.1B, 478.16