Alaska § 42.45.040 - Southeast energy fund.
Full text of Alaska Alaska Statutes § 42.45.040 — Southeast energy fund., with citation guidance and answers to common questions.
§ 42.45.040. Southeast energy fund.
(a) The Southeast energy fund is established as a separate fund. The fund consists of (1) money appropriated to the fund by the legislature;
(2) money transferred to it under former AS 42.45.050 ;
(3) gifts, bequests, contributions from other sources, and federal money;
(4) interest earned on the fund balance; and
(5) investments, to be managed by the Department of Revenue, which shall be the fiduciary of the fund under AS 37.10.071 .
(b) The fund is not a dedicated fund.
(c) The authority may make grants from the Southeast energy fund to a municipality of the state, a joint action agency established under AS 42.45.300 and 42.45.310, a member-owned electric cooperative established under AS 10.25 , or another electric utility holding a certificate of public convenience and necessity under AS 42.05 for power projects, repayment of loans, and payments on bonds for hydroelectric projects and electrical transmission lines or interties serving Southeast Alaska that are entirely owned by the grantee.
(d) An appropriation from the fund for a project described in (c) of this section lapses back into the fund if substantial, ongoing work on the project has not begun within seven years after the effective date of the appropriation.
Frequently Asked Questions About Alaska § 42.45.040
What does Alaska Statutes § 42.45.040 cover?
Section 42.45.040 ("Southeast energy fund.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 42.45.040?
A common citation format is "Alaska Statutes § 42.45.040" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 42.45.040 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.