Legislature(2003 - 2004)
2003-02-19 House JournalFull Journal pdf
2003-02-19 House Journal Page 0251 HB 112 HOUSE BILL NO. 112 by the House Rules Committee by request of the Governor, entitled: "An Act relating to the authority of the Alaska Industrial Development and Export Authority to issue bonds; and providing for an effective date." was read the first time and referred to the Finance Committee. The following fiscal note(s) apply: 1. Zero, Dept. of Community & Economic Development The Governor's transmittal letter dated February 18, 2003, follows: "Dear Speaker Kott: Under the authority of art. III, sec. 18, of the Alaska Constitution, I am transmitting a bill that would extend the sunset on the Alaska Industrial Development and Export Authority's (Authority) bonding authorization until July 1, 2007. The bill would extend the Authority's bonding authorization for development projects of $10,000,000 or less. The Authority's general bonding authorization will expire June 30, 2003, unless extended. 2003-02-19 House Journal Page 0252 Allowing that authorization to expire would severely restrict the Authority's ability to assist in key development projects. In a time of dwindling state resources, this bill would further the Authority's mission to forge public-private partnerships that can strengthen the state's economic base. I urge your prompt and favorable action on this measure. Sincerely, /s/ Frank H. Murkowski Governor"