Alaska 32nd Legislature (2021-2022) Status: In Committee 1 D cosponsors

HB 56 — An Act relating to power cost equalization; relating to the power cost equalization endowment fund; and providing for an effective date.

Last action — (H) REFERRED TO COMMUNITY & REGIONAL AFFAIRS

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 32nd Legislature (2021-2022). It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill amends the power cost equalization provisions to modify funding and calculation processes for the associated funds and earnings.

  • AS 42.45.070(a)

    [4) REPEALED]

    Removes the provision that was previously repealed.

  • AS 42.45.070

    (d) The authority shall separately account for the earnings of the fund accumulated on or after July 1, 2021. The legislature may appropriate the earnings of the fund to the fund.

    Establishes a requirement for separate accounting of fund earnings after July 1, 2021.

  • AS 42.45.070

    (e) The authority may expend money appropriated to the fund for the purposes of the fund described in AS 42.45.085 without further appropriation.

    Allows the authority to spend appropriated funds without needing further legislative approval.

  • AS 42.45.080(c)

    (1) THE MONTHLY AVERAGE MARKET VALUE OF THE FUND FOR THE PREVIOUS THREE CLOSED FISCAL YEARS; AND

    Removes the requirement to determine the average market value of the fund for the previous three closed fiscal years.

  • AS 42.45.085(a)

    [FIVE PERCENT OF THE AMOUNT DETERMINED BY THE COMMISSIONER OF REVENUE ON JULY 1 OF EACH YEAR UNDER AS 42.45.080(c)(1) MAY BE APPROPRIATED]

    Removes the fixed percentage limit for appropriating funds for specified purposes.

  • AS 42.45.085(a)

    [FUNDING THE POWER COST EQUALIZATION AND RURAL ELECTRIC CAPITALIZATION FUND (AS 42.45.100);]

    Eliminates the specific funding requirement for the power cost equalization fund.

  • AS 42.45.085(d)

    [AS 42.45.080(c)(2)]

    Replaces a reference in the calculation for appropriations to the fund with an updated definition.

  • AS 42.45.085(d)

    [APPROPRIATION]

    Clarifies terminology related to fund transfers.

  • AS 42.45.085(d)

    [(a)]

    Updates reference to the section regarding fund appropriations.

  • AS 42.45.100(b)

    [APPROPRIATED]

    Aligns language regarding money transfers from the power cost equalization endowment fund.

  • AS 42.45.110(i)

    [SUBJECT TO APPROPRIATION,]

    Removes the conditional language regarding payment to electric utilities subject to appropriation.

Action History

  1. (H) REFERRED TO COMMUNITY & REGIONAL AFFAIRS

  2. (H) CRA, FIN

  3. (H) READ THE FIRST TIME - REFERRALS

  4. (H) Prefile released 1/15/21

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 64 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (64)

64 members have not signed on to this bill.

Show all 64 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance energy
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 56?
HB 56 is sponsored by Neal Foster (D).
What is the current status of HB 56?
This bill died with 32nd Legislature (2021-2022). It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 56?
Track HB 56 free on One Click Politics — get push/email alerts when it moves.

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