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Legislation Details

Resolution Number
CD-53-19
Legislation Number
0373-19
Legislation Title
An Action Relating to Budget and Finance, Resources and Development, Naabik’íyáti’ Committees, and Navajo Nation Council; Approving and advance of Supplemental Funding from the Unreserved, Undesignated Fund Balance in the amount of One Million Nine Hundred Thousand Six Hundred Ninety Four Dollars and Ten Cents ($1,900,694.10) for the 2020 Transmission Charge for the Navajo Nation’s use of Five Hundred (500) Megawatts of electricity pursuant to the Navajo Generating Station Extension Lease and underlying Transmission Agreement with the Bureau of Reclamation; Waiving 12 N.N.C. §§820 (E) and (F); Adopting the 500 Megawatts Revenue & Repayment Plan; Designating the revenues generated by the 500 Megawatts to fund the 500 Megawatts Revenue & Repayment Plan
Legislation Description
This resolution, if approved, will advance a supplemental appropriation from the Undesignated, Unreserved Fund Balance (UUFB) in the amount of $1,900,694.10 to pay the Nation’s 2020 Transmission Charges for 500 Megawatts of electricity pursuant to the Navajo Generating Station Transmission Agreement with the Bureau of Reclamation and establish the 500 Megawatts Revenue Repayment Plan and Fund to receive revenues generated by the 500 Megawatts and repay the UUFB advance of $1,900,694.10, pay future annual Transmission Charges and fund energy-related projects.
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Sponsor
Seth Damon
Co-Sponsor(s)
Nathaniel Brown
Status
Resolution
Executive Branch (164/SAS No.)
N/A
Vote Requirements
N/A
Legislation Entered By
Julissa Johnson
Approved Committees
  1. Budget & Finance Committee
  2. Resources & Development Committee
  3. Naa'bik'iyati' Committee
  4. Navajo Nation Council
OLC Number
19-645-01
Date Uploaded By Document Title
12/30/2019, 08:29 am Julissa Johnson CD-53-19.pdf