00CS FOR HOUSE BILL NO. 471(CRA)                                                                                        
01 "An Act relating to the boards of commissioners of regional Native housing                                              
02 authorities; relating to the reinstatement of Native corporations; and providing for                                    
03 an effective date."                                                                                                     
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
05    * Section 1.  AS 10.06.960(k) is amended to read:                                                                  
06  (k)  Notwithstanding (i) of this section and AS 10.06.633(e), a corporation that                                      
07 is organized as a Native village corporation under the act, that has been involuntarily                                 
08 dissolved by the commissioner under AS 10.06.633, and that has failed to apply for                                      
09 reinstatement during the period established under AS 10.06.633(e) may be reinstated                                     
10 under AS 10.06.633(e)  on or before December 31, 1998  [WITHIN ONE YEAR                                               
11 AFTER AUGUST 7, 1996].  The reinstated corporation and its shareholders have all                                        
12 of the rights, privileges, liabilities, and obligations that would have applied to them if                              
13 the corporation had not been dissolved, and all corporate and shareholder actions taken                                 
14 during the period of dissolution are considered to be as valid as if dissolution had not                                

01 occurred.   If a corporation elects to reinstate under this subsection and if the                                      
02 corporation's previously used corporate name is no longer available for use by the                                      
03 corporation, then, notwithstanding AS 10.06.502 - 10.06.510, an amendment to the                                        
04 articles of incorporation changing the previously used corporate name may be                                            
05 adopted by action of the corporation's board of directors alone.                                                       
06    * Sec. 2.  AS 18.55.996(d) is amended to read:                                                                     
07  (d)  The governing body of the association in question shall, after determining                                       
08 that it wishes to have a regional native housing authority, appoint  not fewer than  five                             
09  and not more than nine  persons to serve as the board of commissioners of the                                        
10 authority.  The term of office of each member is for three years except that, of the                                    
11 commissioners first appointed, one shall serve for a term of one year and two shall                                     
12 serve for a term of two years.  Vacancies shall be filled by the governing body of the                                  
13 association in question.   The board of commissioners may designate from among                                         
14 its members a committee to whom the board may delegate board duties.                                                   
15    * Sec. 3.  Section 1 of this Act takes effect immediately under AS 01.10.070(c).