Enrolled HB 112: Relating to the authority of the Alaska Industrial Development and Export Authority to issue bonds and to a municipal tax exemption for certain assets and projects of the Alaska Industrial Development and Export Authority; and providing for an effective date.
00Enrolled HB 112 01 Relating to the authority of the Alaska Industrial Development and Export Authority to issue 02 bonds and to a municipal tax exemption for certain assets and projects of the Alaska Industrial 03 Development and Export Authority; and providing for an effective date. 04 _______________ 05 * Section 1. AS 44.88.095(g) is amended to read: 06 (g) Before July 1, 2007 [2003], the authority may issue bonds in an amount 07 greater than $10,000,000 to assist in the financing of a development project under 08 AS 44.88.172 - 44.88.177 only with legislative approval. Beginning July 1, 2007 09 [2003], and thereafter, without prior legislative approval, the authority may not issue 10 bonds, except refunding and conduit revenue bonds. 11 * Sec. 2. Section 19, ch. 117, SLA 2000, is amended to read: 12 Sec. 19. Section 3 of this Act takes effect July 1, 2007 [2004]. 13 * Sec. 3. This Act takes effect immediately under AS 01.10.070(c).