AK SB192

Authorizes the Alaska Industrial Development and Export Authority to issue bonds not to exceed $120,000,000 to finance infrastructure and construction costs of the Sweetheart Lake hydroelectric project.

The Sweetheart Lake hydroelectric facility shall be owned and operated by the authority or financed under AS 44.88.172.

Authorizes the Alaska Energy Authority to loan up to $22,000,000 from the power project fund to the Lynn Canal Transmission Corporation for transmission electrification of the Veteran's Memorial Highway, including interconnection and electrification for a large Alaska employer.

This legislative authorization constitutes approval required under AS 44.88.095(g) for the bond issuance and AS 42.45.010(j) for the loan from the power project fund.

Sections 1 and 2 of the Act are repealed June 30, 2019.