Board Meeting Materials
2000 - 2009
4/19/2017 4:09:09 PM
4/19/2017 4:09:01 PM
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(a) shall be solely for the purpose of paying costs and expenses <br />incurred by the Authority with respect to the R.W. Beck SCE <br />Retail Rate Forecast, and pending application for such <br />purpose the contribution shall not be expended to pay costs or <br />expenses properly allocable to one or more projects as <br />provided in Section 3 of Resolution No. 1992-1 ; <br />(b) shall be billed and collected by adding to the Authority's <br />Hoover Uprating Project billings to Anaheim, and the <br />Authority's Palo Verde Project billings to each other Member <br />who participates, the amount allocated with respect to each <br />of them for services received, with such amount designated <br />as "Resolution No. 2004-1 7 Charge". <br />2. Although the amounts contributed under this Resolution and <br />related income shall constitute part of the General Fund, they <br />shall be held and accounted for in a separate subaccount within <br />the existing Restructuring Account. The Executive Director of the <br />Authority is hereby directed to establish a subaccount (the Beck <br />Subaccount) within the Restructuring Account for the purpose of <br />holding contributions and related income, and making <br />disbursements, under this Resolution. The President, Vice <br />President, Secretary, any Assistant Secretary and the Executive <br />Director of the Authority are each authorized to execute checks <br />drawn on the Restructuring Account from time to time. <br />Amounts contributed to and held in the General Fund and the <br />Beck Subaccount pursuant to this Resolution will not be <br />contributed or held for the purposes of any project for which the <br />Authority has obtained any form of external financing. Such <br />amounts shall not constitute (a) Revenues, or (b) revenues, <br />income, rents or receipts derived by the Authority from or <br />attributable to Authority Capacity (or to the payment of the costs <br />thereof) or the ownership or operation of any Project. As used <br />herein, "Revenues", "Authority Capacity" and "Project" shall have <br />the respective meanings set forth in the indentures of trust and <br />other instruments governing the external financing arrangements <br />entered into from time to time by the Authority.
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