1998 Alaska Statutes
Title 42 PUBLIC UTILITIES AND CARRIERS
Chapter 42.45. RURAL AND STATEWIDE ENERGY PROGRAMS
Sec. 42.45.030. Loan advisory committee.
When an application for a rural electrification loan is submitted to the department under AS 42.45.020 , the department shall appoint a local advisory committee from persons residing in the area that the applicant utility is certified to serve. The loan advisory committee shall consider the loan application and shall recommend whether the loan application is to be approved or disapproved. The loan advisory committee may make a favorable recommendation only if it determines that development in the area of the proposed extension of electric service is likely to provide for full repayment of the loan under AS 42.45.020(d) within 10 years. In making that determination, the committee shall consider
(1) permanence of the premises to be served by the extension;
(2) land use patterns in the area;
(3) access for the line that would be installed with loan proceeds;
(4) availability of other utility service in the area; and
(5) the economic feasibility of the extension of electric service with the proceeds of the loan.
Disclaimer: These codes may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
