"An Act relating to grants to certain public utilities for water quality enhancement projects and water supply and wastewater systems. "

Section 1: Amends AS 46.03.030(b), Water quality enhancement, water supply, sewage, and solid waste facilities grants. Adds language referencing the new subsection (i), found in section 3 of this bill.

Section 2: Amends AS 46.03.030(e), Water quality enhancement, water supply, sewage, and solid waste facilities grants. Adds language that allows a public utility that is eligible under new subsection (i), to participate in the grant program. Also changes municipality to utility based on the population it serves, within this subsection.

Section 3: Adds a new subsection (i) to AS 46.03.030, Water quality enhancement, water supply, sewage, and solid waste facilities grants. States that a public water and sewer utility is eligible for the grant program as long as its rates are regulated by the Regulatory Commission of Alaska or the utility is owned and operated by a municipality. Further states that a grant must be repaid within five years if the utility is sold to an entity not regulated by RCA.

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