(a) The power cost equalization endowment fund is established as a separate fund of the authority. The fund consists of
(1) legislative appropriations to the fund that are not designated for annual expenditure for the purpose of power cost equalization;
(2) accumulated earnings of the fund;
(3) gifts, bequests, contributions of money and other assets, and federal money given to the fund that are not designated for annual expenditure for power cost equalization; and
(4) [Repealed, Sec. 13 ch 60 SLA 2000].
(b) Nothing in this section creates a dedicated fund.
(c) [Repealed, Sec. 13 ch 60 SLA 2000].
Section: 42.45.070 42.45.080 42.45.085 42.45.099 NextLast modified: November 15, 2016