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Home My WebLink AboutMemorandum Energy Authority Financing bill- sectional analysis March 9, 1992o. » ..MEMORANDUw siate of Alaska Department of Law TO:DATE:Paul Fuhs March 9,1992 Legislative Liaison FILE NO.:Office of the Governor TEL.NO: 465-3600 SUBJECT::::Energy Authority Financingbill-sectional analysisZISCLL es L.Baldwin ssistant Attorney General Governmental Affairs -Juneau FROM: At the request of Charlie Bussell,executive director of the Alaska Energy Authority (AEA),I prepared a draft bill that would make changes in the ability of the authority to accumulate and hold money to finance power projects.The draft was quicklyassembledandneedsrefinement.However,it serves as a basis for discussing the issues involved.Set out below is a section-by--section analysis of the draft bill: Section 1.This section adds new provisions to AS 44.83 (enabling act for the AEA)that (1)creates a revolving fund in the AEA that would give the authority the ability to transfer amounts between existing funds and accounts.The provisions of this section are modeled after a similar section in the enabling statute of AIDEA. This kind of power is useful for accumulating assets in a single account to enhance the credit of a bond offering. (2)make it clear that (a)the AEA is a public corporation of the state,therefore,exempt from the prohibition against assistance to private corporations set out in AS 37.10.085; (b)is not a municipal corporation;and (c)except for its operating budget,is exempt from the state fiscal procedures act. (3)affirms that AEA money is not state money;and exempts the AEA from regulation as a bank or insurance company. 03-002 Paul Fuhs, Energy Authority Financing Bill Legislative Liaison March 9, (4)makes only the operating budget of the AEA subject to the Executive Budget Act -this means that the capital program of AEA would be totally"off budget"similar to the majority of the financial activity of AIDEA and AHFC. (5)Exempts AEA from most of AS 37 (fiscal procedures Act)and the all statutes regulating theuseanddisposalofstateland. Section 2.Changes the title of the executive director to president.This is consistent with the name change of the Alaska Energy Authority to the Alaska Energy Corporation. Section 3.Deletes the requirement that the AEA obtain the concurrence of the state legislature before it contracts with a foreign country tofinanceapowerproject. Section 4.Makes the same amendment as section 3 for the purchase of power from a project located inaforeigncountry. Section 5.Deletes the requirement that appropriations be insufficient before the authoritymaydeterminetoissuebondstofinanceapower project. Section 6.Expands the power development fund bydeletingtheprovisionthatrequiresthefundtobe kept separate from other funds.Allows the board of directors to direct money to the fund byresolution. Section 7.Allows repayments of principal and interest on loans made from the power project fund to be retained in the fund.Under existing law these assets and receipts are paid into the state general fund.It would be advisable to appropriate the underlying loans to the AEA to avoid the dedicated fund prohibition. Section 8.Substitutes the AEA for the legislature as the entity with the authority to forgive loans made for an infeasible power project. 1992 Page 2 Paul Fuhs,Legislative Liaison March 9,1992EnergyAuthorityFinancingBillPage3 Section 9.Permits the AEA to use amounts in the power project fund to pay the cost of administration.Because the operating budget of the AEA would be subject to the executive budgetAct,this amendment would not relieve the AEA from obtaining an appropriation from the legislature. Section 10.Allows the rural electrification revolving loan fund to retain repayments of interest. Section 11.Deletes the requirement that interest earned on rural electrification loans be paid into the state general fund. Section 12.Permits the AEA to use amounts in the rural electrification revolving loan fund to paythecostof:administration.Because the operating budget of the AEA would be subject to the Executive Budget Act,this amendment would not relieve the AEA from obtaining an appropriation from the legislature. Section 13.Expands the electrical service extension fund by deleting the provision requiring the fund to be kept separate from other funds. Allows the board of directors to direct money to the fund by resolution. Section 14.Deletes reference to the source of funding of the power development fund as beinglegislativeappropriations. Section 15.Changes the name of the power development fund to the energy development fund. Section 16.Makes the AEA responsible for the investment of the power development fund.Deletes provisions that make the Department of Revenue responsible for the custody and investment of power development fund assets. Section 17.Allows the AEA to include a reasonable rate of return in the wholesale cost of power charged for AEA power projects.This would serve as a revenue source to fund other AFA activities. Paul Fuhs, Energy Authority Financing Bill Legislative Liaison March 9, Section 18.Allows the AEA to include a reasonable rate of return in the separate power rate chargedforAEAintertieprojects.This would serve as a.revenue source to fund other AEA activities. Section 19.Expands the purpose for which the power development revolving loan fund may be used by deleting reference to certain statutes describing limited activities. Section 20.Permits the AEA to use amounts in the bulk fuel revolving loan fund to pay the cost of administration.Because the operating budget of the AEA would be subject to the Executive BudgetAct,this amendment would not relieve the AEA from obtaining an appropriation from the legislature. Section 21.Allows the AEA to deposit fees and collection charges earned under the bulk fuel loan program to be deposited and retained in the bulk fuel revolving loan fund rather than be paid intothestategeneralfund. Section 22.The following statutes would be repealed: (1)44.83.080(16)(G):allowing the AEA torecommendappropriationstofinanceprojects financed under the Energy Program for Alaska; (2)44.83.361(h)requiring the lapse of unexpended and unobligated balance of the rural electrificiation revolving loan fund on June 30 of each year; (3)44.83.388 requiring the AEA to maintain records of allotments from the power project fund for each project financed by the fund;Requires earnings on investment of the fund to be paid into the state general fund; (4)44.83.390 allows the legislature to reappropriate amounts in the power project fund for another power project serving the same market area as the original project; 1992 Page 4 Paul Fuhs,Legislative Liaison March 9,1992EnergyAuthorityFinancingBillPage5 (5)44.83.392 requires the lapse of excessappropriationsmadeforaprojectaftertheprojectisconstructed; (6)44.83.398(c)requires AEA to send receipts earned from the four dam pool (other than pledged amounts)to the general fund;and (7)44.83.950(a)making the AEA subject to the Executive Budget Act. In addition to the foregoing bill,it would be necessarytoenactabillappropriatingthebalanceoftherailbeltenergy(intertie)fund and other assets of the AEA's funds to the AEA. WLB:ck +g-6-32 5 114003 AK ENERGY ASS AMey re B465S78738 3-tees ay:we a+SENET cone MUN Gig!AL !ATTORNEY GENERAL FAX NO,$C 421 Poe @ saction2%.AS 44.83 ia amendad by adding a new sections to reads: Sec.44.83...ALASKA ENERGY CORPORATION REVOLVING FUND.The Alaska Energy Corporation revolving fund is established in the corporation.The revolving fund consistsofappropriationsmadetothevevolvingfundbythe legislature,money or other assets transferred to the revolving fund by the corporation,and unrestricted payrents en loans made or purchased by the corporation.|Tne board of directors may establish operations and self insurance reserve accounts within the revolving fund.unless otherwise expressly stated,the funds created in this |chapter are accounts in the revolving fund.'he corporation may create additional funds or accounts either within the revolving fund er outside the fund.Subject to agreements nade with theholdersofthecorporation's bonds or with other \parsons,the corporation may transfer amounts in a fund or account in the fund to another fund or account in the revolving fund. Ancunts daposited in the fund may be pledged to 'a payment of bends of the authority er expanded for tha pereees of thaauthorityunderthischapter.| Sec.44.83. .OPERATION OF CERTAIN STATUTES EXCEPTED.(a}The authority may not be considered or conatitute (1)a political subdivision of the state as the term!is used in AS 37.10.085,(2)a municipal corporation oF political subdivision of the state as tha terms are used tn AS 29,or (3)except as provided in AS 44.88.9000 (Executive Budget Act 0 | *.SENT 3Y:,"he b-$2 5 10518 3 AK ENERGY AUTTUGT.sts5aTé73 4 HAR 2-62 HON 14:47 AL ATTORNEY GENERAL =FAX NO.90421 P.03 \ | |coverage),a state agency as the term is used len AS 37,but for all other purposes the authority constitutes a political subdivision and an instrumentality of the state as provided in this chapter. (b)The fund,income or recaipts of the authority may not ba considered or constitute money of the state,or may real property in which the authority has an;interest be considered land owned in fee by the state or to whish the state may become entitled or in any way land belonging to the state,or state land raferred to in article VIII of the Alaska Constitution.) (sc)<A lean purchased or financed by the authority in whele oz in part is exempt from the provisions of AS 45.45.010.A guarantes oy insurance provided under this chapter doas not constitute insurance for the AS 21.03.0190. purposes of Sec.44.83...COMPLIANCE WITH EXECUTIVE,BUDGET ACT; AUTHORITY FINANCES.The operating budget of the authority is subject to AS 37.07 (Executive Budget Act). Sec.44.83...APPLICATION OF EXISTING LAWS.Unlessspacificallyprovidedotherwiseinthischapter,che followinglawsdonotapplytoatheoperationsofthecorporation: (21)A8 37,05}| (2)AS 37,07;| (3)AS 37.10.0210 ==37.10.0607 | (4)AS 37,10.085;| (8)AS 37.20 ! C3) 'SENT BY:boge $252 5 TEE15 FAK ENERGY AUTHORATY@ HAR 2-S2 MON 14:48 Al»A ATTCRNEV GENERAL «FAK NOS s2d21| (6)AS 37.25) (7)AS 38; *Bec.2.AS 44,83.045(c)is amended to read: | | (c)The authority shall employ apresidant [AN EXECUTIVE DIRECTOR}who may,with the approval of the authority,employadditionalstaffasnecessary.In addition to|its staff of regular employees,the authority may contract for and engage the services of legal and bend counsel,consultants,experts, and financial and technical advisors the author necessary for the purpose ef conductir investigations,hearings,or other proceedings. 4 a ity considers ig 6 -_s studies, The board of directors shall establish the compensation of the president [EXECUTIVE DIRECTOR].The president (EXECUTIVE DIRECTOR)of the authority is subject to the provisions of Aq 39.25. @ Sec.3.AS 44.83.080(10)is amanded to read: (10)to enter into contracta with tha United States or any person and,subject to the laws of the United states {AND SUBJECT TO CONCURRENCE OF THE LEGISLATURE],with a foreign country or its agencies,fer the financing, construction,acquisition,operation and maintenance of all or any part of a power project,oithar inaide or joutalde the state,and for the sale or tranamiasion of power from a |project.or any right to the capacity of it or for fhe security of any bonds of the authority issued or to be issued fer the project; *Bec.4.AS 44,83.080(11)is amended to read: @ te »AK ENERGY AGTAo ATT S4655757+8 3 ey.Dae S952 5 83 ;Sin!coge mun ied AL CATTCRNEY GENERAL = FAK NO 9G A021,P.C5 (11)to enter into contracts with any person and with the United Statas,and,subject to the laws of the United States [AND SUBJECT TO THE CONCURRENCE OF THE |LEGISLATURE}], with a foreign country or its agencies for the purchase,sale, exchange,transmission,or use of power from a project,or any rignt to the capacity of it; ) *Sec.8.AS 44.93.1085 1a amended to read: Sec.44.83,108,BONDS FOR POWER PROJECTS UNDER THR ENERGY PROGRAM FOR ALASKA.The authority may borrow money andissueitsbondsfortheacquisitionorconstructfonofpower projects to be acquired or Constructed und the energy program for Alaska.The principal of and interest on the bonds are payable from money derived from the sale of wholesale power from power projects financed under AS 44.83.3800 - 44.83.425 from the power development fund or from a source referred to in AS 44.83.100 as the authority deternines.The bonds may be issued if {(1)APPROPRIATIONS TO THE POWER DEVELOPMENT FUND FOR THE POWER PROJECT ARE INSUFFICIENT TO COVER|THE COST oF ACQUIRING OR CONSTRUCTING THE POWER PROJECT;AND) (2)]the authority determines that the amount of interest the authority will pay on its bends is not more then alternative costs of sacuring money from other sources,except from [FOR]the general fund,to pay for the acquisition or construction of the power project. *fac.6.AS 44,83.170(a)ia amended to read: (4) SENT BY!j=4-92 3 11518 +AK ENERGY AU ITYs 84653757:3 7 PEN e792 TUN 145 8U AL ATTORNEY GENERAL «=FAX NO.90.. 24421 |2,08 | | | (a)There is established [AS A SEPARATE -_the powerprojectfund[THAT SHALL BE DISTINCT FROM ANY OTHER MONEY CR FUNDS OF THE AUTHORITY,AND].that dnoludes |[ONLy}money appropriated by the legislature and other money deposited in She fund om provided in a resolution adopted py the board of Girectors. @ Sec.7.AS 44.83.170(g)is amended to read: (g)Loan repayments and interest earnad by loans fron the power project fund shall be deposited in the pover project {STATE GENERAL]fund. *8e6.8.AS 44.83.170(h)is amended to read: (nh)The corporation [LEGISLATURE]may (forgive the repayment of a loan made from the power project fund for a reconnaissance study or a feasibility study when the hoard of GQizectorg [AUTHORITY]finds that the power project for which the loan was made is not feasible. *Bec.9 AS 44,83.170(1)ia amended to read: (1)Money in the pewer project fund may be sed [BY THE LEGISLATURE TO MAKE APPROPRIATIONS]for costs of administering the fund, ¢80,10,AS 44.83,361(8)48 amended to road:| (a)The rural electrification revolving Loan fund is established in the Alaska Energy Authority.The fund consists of (1)appropriations made to the fund;and |(2)principal andinterest payments on loans nade under this section.| @ >. "a yo *g=4-92 3 11:16 +AK ENERGY AL OUITY@ B4E5375752 3 nak gov MUN 1418]A A ATTORNEY GENERAL FAX NO.8.24621 |P.C? | | | @ Bec.12.AB 44.83.361(c)ds amended to read: (¢)A loan from the rural electrification ravelving loan fund shall bear an annual rate of interest of two percant of the unpaid balance of tha loan.{INTEREST RECEIVED ON A LOAN MADE UNDER THIS SECTION MUST BE TRANSFERRED YONTHLY TO THE COMMISSIONER OF REVENUE FOR DEPOSIT IN THE GENERAL FUND.J #Bec.12.AS 44.83.361(g)is amended te raad: (g)Money in the rural electrification revolving loan fund may be used [BY THE LEGISLATURE TO MAKE APPROPRIATIONS] for costs of administering the fund. @ Bec.13.AS 44.83.370(a)is amended to read: (a)The electrical service extension fund is established[AS A SEPARATE FUND}in the authority.The fund consists [ONLY]of money apprepriated to it by the Legisiature andAnountsdercaitedinthefundbyaresolutionadoptedbythe . |boardofdirectors. @ 600.14,AS 44.83.380(b)ia amended to read: (b)The energy program for Alaska is a program by which the authority may acquire or construct power projects withmoneydnthetnercyDevelopmentPung[APPROPRIATED BY THE LEGISLATURE TO THE POWER DEVELOPMENT FUND]established in AS 44.83.3823.A power project may be acquired or,constructed as part of the energy program for Alaska only if;the project ia aubmitted to and approved by the legislature in accordance with preceduras set out in AS 44.83.177<<44.83/187. *&Bac.15.AS 44.83.382 is azended to read: ©) cet ay:-a 4992 4 1UET6 3 AK ENERGY AUT TY)GSE537S718 9SeNeTcaseSUN14.8e AL AITCRNEY GENERAL FAX NO.80°1421 |P08 Sec.44.83.3892.MUERGX [POWER]DEVELOPMENT PUNDESTABLISHED.(8)Apenergy (A POWER]development fund ieestablishedintheAlaskaEnergyAuthoritytoparryoutthe purposes of AS 44,83.380 -=-44.83.425. (b)The fund includes money appropriatedito it by the legislature and srounts deposited in the fund by resolution adopted by the beard of gizestozs. #Bec.16.AS 44.93.3386 is amended to reads Sec.44.83.386.INVESTNENT OF FUND.The corporation [OBPARTMENT OF REVENUE)shall invest the maney in the fund in accordance with AS 37.10.070,37.10.0712,and 37.10.075.[THE DEPARTMENT OF REVENUE SHALL PROVIDE MONEY IN THE TOND TO THE AUTHORITY ONLY AFTIR COSTS HAVE BEEN INCURRED OR AMOUNTS IN THE FUND HAVE REEX OTHERWISE OBLIGATED UNDER CONTRACTS FOR THE ACQUISITION AND CONSTRUCTION OF A PROJECT,AMOUNTS THAT HAVE BEEN OBLIGATED,BUT FOR WHICH COSTS HAVE NOT YET BEEN INCURRED,MAY BE SEGREGATED BY THE DEPARTNENT OF REVENUE OR TRANSFERRED TO THE AUTHORITY ONLY WITH THE PRIOR|APPROVAL OR AGREEMENT OF THE COMMISSIONER OF REVENUE.INCOME]RECEIVED ON MONEY THAT IS SEGREGATED OR TRANSFERRED UNDER THIS SECTION MUST BE DEPOSITED IN THE GENERAL FUND.} #gee.17.AS 44.83.198(b)is amended to read: (b)The authority ehall establish a wholesale power rate atructure applicable to sales of pewer to the customers of a power project am follows: (1)the authority shall establish and/maintain aseparatewholesalepowerrateapplicabletoeachpowerproject 6) & fe Pais") :+h beg?std)ot AK ENERGY AUT ITY*84653757;.a10 "erse WY 1668S AL QI CRNEY GENERAL FAX NO,30 489 4421 || { that it has acquired or constructed under the energy progran for Alaska,other than a project described in (f)of thisnectionsthewholesalepowerrateestablianedbytheauthorityfortheinitialprojectshallbearatecalculatedunderthisparagraphexceptthatthaportionoftheratehpplicabteto (A)and (C)of thda paragraph shall be adjusted for thehydroelectricfacilitiesinthainitialprojectasnetoutin (3)of this subsection;the wholesale power rate shall ba computed by the authority annually,or more frequently as may de necessary,and shall equal the rate that the authority eatimates ia necessary to produce revenue that is sufficient to pay (A)operation,maintenance,and equipment replacement costs of the power project; (B)the power project's proporticnate share of the debt sexvice on state loans and bonds for all power projects in the energy program for Alaska,determined ir accordance with (g)of this section; (C)safety inspections and investigations of the power project by the authority;_and in)«reasonablerataofreturns: (2)[Repealed,§7 ch 169 SLA 1984.] (3)or the purposes of daternining amounts to be P09 | allocated to each hydroelectric facility in the initial project under (1)(A)and (1)(C)of this subsection,the authority shall datermine for each hydroelectric facility its | ay | i Ay:"ye 6 +11548"axe d-¥2 NON 16:53 AL =ATTORAEY GENERAL =FAK NO.9G (A421!+AK ENERGY AUT="°LiY= individual operation,maintenance,equipment. safety inspection,and invastigation costs.| @ Bec,18.AS 44.83.398(2)is amended to read:| replacement, (2)The provisions of (b)in this saction de not apply to an intertie that is authorized as a separate project under AS 64.83.380.The authority ehall establish |and maintain separate power rate schadules applicable to each |intertie that it has acquired or constructed as a separate power projectundertheenergypregramforAlaska.The power rate schedules shall produce sufficient revenue fron utilities)connected by the intertie to pay (1)operation,maintenance,And equipmentreplacementcostsoftheintertie;(2)debt sarvice of thse intertie;[AND](3)safety inspections and investigations oftheintartLebytheauthority, return.%f the authority determines that an dintertis has ceased to function as a separate project and has econs a partofoneormoraotherpowerprojectsasatrananissienline, the power rate schedules established under this subsection shall be terminated and a wholesale power rate applicable totheformerintertieshallbacalculatedunder”of thissectionfortheprojectorprojectsofwhichit part. *Bec.18.AS 44,83.500(a)is amended to read: Bec.44.83,500.CREATION OF PUND.(a): established in the Alaska Energy Authority as become a Theres is tha power development revolving loan fund[TO CARRY OUT THE PURPOSE OF 0 caeae0renee©womens MAR-2-S2 MON 14:54 &-A ATTORKEY GENERAL FAX NO.9 34421 P, AS 44.83.5300 ©-44,.83.530.THES FUND MAY BE USED FOR NO OTHER PURPOSE). *Sea.26.AS 44,.83.600(b)is amended to read: (b)Money in the fund may be used [BY THE LEGISLATURE TO MAKE APPROPRIATIONS for costa of administering this chapter. #Bes.21.AS 44.83.630 is amanded to read: Sec.44.83.630.FEES.The authority may collect the fees and collection charges esta blisnhed under AS |4.83.638 andshalldepositthemoneyinthewesus)asvalv|ne Sean tent {GENERAL fund].@ Bec.22,AS 44.83.080(16)(G)3 AS 44.83.3561 (h);?|44.83.388, 44.83.390,44.83.392,44,.83.398(c)and 44.83.950(a)are repealad. *§ec.23.This Act takes effect July 1,1992. SENT BY:'ge bese 16}Am ENERGY Al ORITY*B4E55757:812 wel RAILBELT ENERGY FUND Activity Summary through January 14,1992 Reappropriation from Susitna Hydro Project appropriations "Transfer to Railbelt Intertie Reserve Fund $289,481 ,023 (100,000,000) Reappropriation to Alaska Energy Authrority: Bradley Hydroelectric Project $57,000,000 Railbelt Energy Alternative Study 2,500,000 Other Energy Projects 1,307,000 (60,807,000) Reappropriation for Energy Project through Other Agencies: Healy Cogeneration Project (25,000,000) Seward Transmission Line Grant (9,500,000) AK Energy Efficient &Retrofit Program (2,200,000) Weatherization and energy Conservation (1,600,000)(38,300,000) Reappropriation to Non-energy related projects: Natural Science Facility Design &Construction (UAF)(23,000,000) Classroom Bldg &Lan Purchase (UAA)(16,500,000) Locomotives,Rolling Stock &Assoc Equipment (9,000,000) Palmer Correctional Center Minimum Expansion (5,000,000) Girwood Water Improvement District (3,900,000) Anchorage Economic Development Corporation (3,800,000) Kenai Congregate Housing Facility Construction (3,300,000) Anch Ship Creek Orig Townsite Road/Bridge (2,500,000) MCLaughlin Youth Center Cottage/School (2,500,000) Anch Alyeska Utilityes/Water/Sewer System (2,300,000) Mat-Su Job Corps Facility Construction (1,700,000) Anchorage Neighborhood Housing Service (1,700,000) Kenai Pen Borough Solid Waste Disposal Fac (1,100,000) City of Kenai Mining &Petroleum Training (UAA)(1,000,000) Other Non-Energy related Projects (10,131,500)(87,431,500) Deparment of Administration Transfer (126,000) NET AVAILABLE BALANCE $2,816,523 Reconciliation: Cash Balance at January 14,1992 per AKSAS $62,224,291 Less:Unexpended appropriation balance (59,363,559) Less:Outstanding Warrants (42,892) Less:Misc Unrestricted Revenue (1,317) Adjusted Balance $2,816,523 RB192RPT.XLS,Page 1 RAILBELT ENERGY FUND APPROPRITAION STATUS Detail Listing of other Non-Energy related Projects January14,1992 Net Appropriation NS BORO POINT LAY EL NS BORO WAINWRIGHT P NS BORO NW AK DEADFA KOTZEBUE DETOX FACIL AMBLER HEAVY EQUIP P BUCKLAND GRAVEL/EROS UNALAKLEET COMMUNITY SAVOONGA SEWER LINE/ SHISHMAREF DUMP ACCE SCAMMON BAY WATER/SE NOME CHILD CARE FACI CHEVAK COMM FACILITI MCGRATH EROSION CONT NULATO SOLID WASTE S PILOT STATION HEAVY MEKOYRUK HEALTH CLIN MANOKOTAK FIRE HALL/ LARSEN BAY BOAT HARB SEWARD TRANSMISSION ANC SHIP CREEK ORIG MAT-SU JOB CORPS FAC ANC ALYESKA UTILITIE KENAI PEN BORO SOLID KENAI CONGREGATE HOU KLAWOCK SCHOOL DIST. KASHUNAMIUT CLASS AD L KUSKOKWIM SD-BETHE CHATHAM SD-KLUKWAN S KTN-LIB INFO SYS PUR ST VINCENT DE PAUL S AK HOUSING DEV CORP GLORY HOLE SHLTR COM GASTINEAU HUM SVCS SE EMER MED SVCS PUR MCLAUGHLIN YTH CNTR BRADLEY LAKE HYDROEL ARC TRAINS AEDC-SEIBU ALASKA ANCHORAGE NEIGHBORHO SECTION 143(A) MILLER POINT CENTER CRIME LAB EQUIPMENT AWARE REPAIR &EQUIP GIRDWOOD WTR IMPROVE ANGOON.-TILLINGHAST L MINTO-NEW WATER SOUR QUINHAGAK,WATER,SE PCC MIN EXPAN PHA II DENAKKANAGA ELDERS RAMPART VOC TECH/COM TAKOTNA SEPTIC SYST KWIGILLINGOK BRDWALK PILOT PT STREET LTS IVANOFF BAY LANDFILL WX/EN EFFICIENT HSNG WX &ENER CONS MATCH AK CRAFTSMAN HOME AK EN EFF &RETROFIT RBARI92.XLS,Page 1 of 2 $733,000 $600,000 $600,000 $500,000 $340,000 $335,000 $275,000 $270,000 $260,000 $250,000 $250,000 $250,000 $232,000 $222,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $175,000 $175,000 $175,000 $160,000 $160,000 $150,000 $150,000 $141,000 $125,000 $116,929 $100,000 $100,000 $100,000 $100,000 $100,000 100,000 100,000 100,000 100,000 83,000 80,000 75,000 75,000 75,000 75,000 70,000 66,000 65,000 57,000 55,000 50,000 50,000 40,000 40,000 36,000 34,500 31,500 RAILBELT ENERGY FUND APPROPRITAION STATUS Detail Listing of other Non-Energy related Projects January 14,1992 Net Appropriation O/TENAKEE SPRGS HRBR 30,000 O/DON STATTER HRBR S 25,000 NAT SCIENCE FCLY-ORG 22,000 CLASSRM BLG/LAND-ORG 19,500 M&P TRNG FCLTY-KENAI 19,000 RAILBELT ENERGY FUND 10,000 RAILBELT ENGY TO RSV 3.071 $10,131,500 RBARI92.XLS,Page 2 of 2