3 AAC 101.020 - Eligible projects

The authority may make a loan or issue a bond, or guarantee a loan or bond, under the SETS program to finance

(1) the construction of a new qualified energy development;

(2) the acquisition of an existing qualified energy development where the acquisition is part of a plan to improve, rehabilitate, or expand the qualified energy development;

(3) improvement of an existing qualified energy development in which the cost of the improvement is at least equal to or exceeds 30 percent of the current appraised or market value of the qualified energy development;

(4) rehabilitation of an existing qualified energy development in which the cost of rehabilitation of existing facilities or equipment attached to or part of the qualified energy development is at least equal to or exceeds 30 percent of the current appraised or market value of the qualified energy development;

(5) a 30 percent or more expansion of the size, output, generation capabilities, transmission throughput, conservation, storage or distribution capabilities for a qualified energy development that involves providing heat or electricity;

(6) a 30 percent or more expansion of the size, output, storage or distribution capabilities of a qualified energy development that involves the distribution or storage of refined petroleum products or the liquefaction, regasification distribution, storage, or use of natural gas, excluding a natural gas pipeline for transmitting natural gas from the North Slope or Cook Inlet.

Notes

3 AAC 101.020

Eff. 4/25/2013, Register 207

Even though 3 AAC 101.020 was adopted and effective 4/25/2013, it was not published until Register 207, October 2013.

Authority:AS 44.88.085

AS 44.88.670

AS 44.88.680

AS 44.88.900