HomeMy WebLinkAboutRes 1994-09 Private Activity Bond Allocation Authority' '
ALASKA ENERGY AUTHORITY
RESOLUTION NO. 1994-09
RESOLUTION OF THE ALASKA ENERGY AUTHORITY DIRECTING THE EXECUTIVE
DIRECTOR TO REQUEST AN ALLOCATION OF THE STATE OF ALASKA PRIVATE
ACTIVITY BOND VOLUME CAP FOR 1994 FOR CERTAIN PROJECTS AND
DETERMINING RELATED MATTERS.
WHEREAS, the Alaska Energy Authority (the "Authority") is authorized and
empowered by the provisions of Chapter 83 of Title 44 of the Alaska Statutes to issue
bonds for the purpose of providing funds to pay the costs of projects; and
WHEREAS, the Authority intends to issue its bonds to finance certain projects as
described in this Resolution; and
WHEREAS, the bonds will be private activity bonds within the meaning of Section
142 of the Internal Revenue Code of 1986 (the "Code"); and
WHEREAS, the bonds will require an allocation of the State of Alaska's private
activity bond volume cap under Section 146 of the Code;
NOW, THEREFORE, BE IT RESOLVED BY THE ALASKA ENERGY AUTHORITY
AS FOLLOWS:
Section 1. That the Executive Director is authorized and directed to take any
steps necessary to request and obtain from the State Bond Committee an allocation of
the State of Alaska's 1994 private activity bond volume cap as provided herein.
Section 2. That the Executive Director is authorized and directed to determine the
amount of 1994 private activity bond volume cap to request from the State Bond
Committee by taking into account the principal amount of private activity bonds the
Executive Director reasonably expects to be necessary to finance the following projects:
PROJECT ESTIMATED AMOUNT
(000,000)
Black Bear Lake Hydroelectric Project $12
Goat Lake Hydroelectric Project 10
Unalaska Geothermal Project 135
Upper Chilkoot Lake Hydroelectric Project 14
together with any additional amounts for said projects and with such other projects in
addition to those listed above as the Executive Director reasonably expects to be financed
in whole or in part by the issuance of private activity bonds of the Authority.
Section 3. That the Executive Director is authorized and directed to take any
steps necessary to carry forward in accordance with the provisions of Section 146 of the
Code any of the 1994 State of Alaska private activity bond volume cap that the Authority
does not use during 1994.
DATED at Anchorage, Alaska this 7th day of October, 1994.
AEA/1994 Volumo Cap
Resolullon No. 1994·09
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