00SENATE BILL NO. 381                                                                                                     
01 "An Act relating to the construction of the Alaska Orbital Launch Complex by                                            
02 the Alaska Aerospace Development Corporation."                                                                          
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  ALASKA AEROSPACE DEVELOPMENT CORPORATION PROJECT                                                       
05 APPROVAL.  The construction of the Alaska Orbital Launch Complex in accordance with the                                 
06 plan of project construction reviewed and approved by the board of directors of the Alaska                              
07 Aerospace Development Corporation is approved.  This section provides the legislative                                   
08 approval required by AS 14.40.886.                                                                                      
09    * Sec. 2.  The approval of the legislature provided by sec. 1 of this Act does not in any way                        
10 imply that the                                                                                                          
11   (1)  faith and credit and taxing power of the State of Alaska or of a political                                       
12 subdivision of the state is pledged to the payment of an obligation connected with the                                  
13 construction of the Alaska Orbital Launch Complex;                                                                      
14   (2)  construction of the Alaska Orbital Launch Complex creates a legal or moral                                       

01 debt of the State of Alaska; or                                                                                         
02   (3)  payment of the obligations connected with the construction of the Alaska                                         
03 Orbital Launch Complex is directly or indirectly dependent upon an appropriation by the                                 
04 Alaska State Legislature.