LD 1500
pg. 3
Page 2 of 6 An Act to Establish a Trust Fund to Provide Statewide Assistance to Low-income ... Page 4 of 6
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LR 1563
Item 1

 
Electric Consumer Trust Advisory Board established pursuant to
subsection 7.

 
4.__Sources of trust funds.__Money obtained from the following
sources must be paid to the authority, which shall deposit the
money in the trust:

 
A.__Corporate income taxes collected by the State Tax
Assessor to the extent attributable to the sale or transfer
of generation assets divested pursuant to section 3204;

 
B.__All interest, dividends and pecuniary gains from
investment of money of the fund;

 
C.__All proceeds from the issuance of bonds on behalf of the
State for inclusion in the fund;

 
D.__All money appropriated or dedicated for inclusion in the
fund;

 
E.__Gifts, bequests and donations to the trust from private
individuals or corporations;

 
F.__Grants to the trust from private or public foundations;

 
G.__Other money available to the authority and directed by
the authority to be paid into the fund; and

 
H.__Funds from the transmission and distribution utilities
to be paid into the trust as directed by the commission
pursuant to subsection 5.

 
All funds received pursuant to this subsection, whether as
proceeds from corporate income taxes or investment or other
revenues, are trust funds to be held and applied solely as
provided in this section.

 
5.__Additional funds.__In order to protect the fund in the
initial years, between March 1, 2000 and March 1, 2002 all
utilities shall continue to collect in transmission and
distribution rates the amount necessary to support a program as
current levels using existing eligibility requirements.__Between
March 1, 2000 and March 1, 2002 consumer-owned utilities shall
introduce on a phased-in basis the collection of funds in
transmission and distribution rates necessary to support the
program based on the projected level of customer contribution as
of March 1, 2002.__On March 1, 2002, the utilities shall begin
assessing their customers based on any anticipated program and
administration costs above the amount covered by income from the
trust.


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