Alaska Administrative Code › Title 3 - Commerce, Community, and Economic Development › Part 14 - Alaska Energy Authority › Chapter 107 - Grant Programs › Article 2 - Utility Improvements Grant Program › 3 AAC 107.330 - Grant application

Current through May 31, 2024
(a) A person who wishes to receive a grant
				  under 3 AAC 107.300 -
				  3 AAC 107.430 must submit an application to the
				  authority. The application must be dated and must
(1) state the legal name of the applicant and
				  the legal authority under which the applicant was created;
(2) include sufficient information about the
				  applicant to demonstrate to the satisfaction of the authority that the
				  applicant is eligible to receive a grant from the fund;
(3) include a certified copy of the
				  resolution or other official action by the governing body of the applicant
				  authorizing the application for a grant;
(4) state the name, title, and address of the
				  official correspondent or representative of the applicant for purposes of the
				  application;
(5) state the names
				  and titles of the principal officers, including the chief executive officer or
				  general manager, of the applicant;
(6) state the name and address of the
				  engineer, legal counsel, financial advisor or consultant, and other advisors or
				  consultants that the applicant has for the project for which the grant is
				  requested, including management, engineering, design, and economic advisors and
				  consultants;
(7) state the amount
				  of the grant requested;
(8) provide
				  a general description of the use to which the grant proceeds will be applied,
				  including
(A) the location of the project for
				  which the grant is requested;
(B) a
				  comprehensive statement clearly demonstrating public need for the project and
				  the project's eligibility for financing with money from the fund;
(C) the proposed allocation of grant proceeds
				  to each purpose or phase of the project and a schedule for the beginning and
				  completion of each phase of the project;
(9) include a statement identifying all other
				  money sources and amounts, and anticipated commitment dates for each source,
				  and demonstrate to the satisfaction of the authority that the applicant's
				  project cannot be completed without the requested grant;
(10) provide information that demonstrates to
				  the satisfaction of the authority that the project is technically feasible and
				  that demonstrates, as described in (c) of this section, that the project is
				  economically feasible;
(11) provide
				  information that demonstrates to the satisfaction of the authority that the
				  applicant has obtained or will obtain all permits, certificates, or other
				  authorizations from any federal, state, or local agency necessary to begin,
				  complete, and operate the project within the schedule provided for the
				  project;
(12) unless otherwise
				  required by the authority, provide financial statements of the applicant that
				  demonstrate that the applicant is financially capable of owning or operating
				  the project for which the grant is requested and of using the grant proceeds in
				  accordance with the terms of the grant; the financial statements must include
				  balance sheets and profit-and-loss statements and must be certified by an
				  independent certified public accountant;
(13) in the case of an investor-owned
				  electric utility, provide a business history of any person owning or
				  controlling 10 percent or more of the applicant's stock or business and, if
				  necessary, other information demonstrating to the satisfaction of the authority
				  that the applicant is capable of successfully owning and operating the
				  project;
(14) include information
				  sufficient in the determination of the authority to establish the total cost of
				  the project;
(15) include a
				  description of the project; and
(16) include information sufficient in the
				  determination of the authority to demonstrate that at least 25 percent of the
				  total cost of the project will be paid with money derived from a source other
				  than the fund; contributions in a form other than money do not satisfy the
				  requirements of this paragraph.