HB 341: "An Act relating to the membership on the board of directors of the Alaska Aerospace Development Corporation."
00 HOUSE BILL NO. 341 01 "An Act relating to the membership on the board of directors of the Alaska Aerospace 02 Development Corporation." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 14.40.826(a) is amended to read: 05 (a) The powers and responsibilities of the corporation are vested in the board 06 of directors. The board of directors of the corporation consists of 11 [NINE] members 07 appointed by the governor as follows: 08 (1) five [THREE] state residents who have a significant high level of 09 experience in the private business sector, specializing in financing or economic 10 development or marketing; two of the state residents appointed under this 11 paragraph shall be residents of the borough where the launch activities of the 12 corporation occur; 13 (2) the president or the designee of the president of the University of 14 Alaska;
01 (3) the director or designee of the Geophysical Institute of the 02 University of Alaska; 03 (4) the commissioner of commerce, community, and economic 04 development or the commissioner's designee; 05 (5) two members who have held or currently hold positions in the 06 aerospace or commercial space industry or special experience regarding federal 07 regulatory procedures and policies involving space or operational experience; 08 members with aerospace experience may not exceed one; and 09 (6) a public school educator or a public member. 10 * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to 11 read: 12 INITIAL APPOINTMENTS AND TERMS OF NEW MEMBERS. (a) On or before 13 the 90th day following the day that this Act becomes law under AS 01.10.070, the governor 14 shall appoint the two new members of the Alaska Aerospace Development Corporation board 15 added by AS 14.40.826(a), as amended by sec. 1 of this Act; and the two new members shall 16 be residents of the borough where the launch activities of the corporation occur. 17 (b) Notwithstanding the term of four years established by AS 14.40.826(b), the term 18 of one member appointed under (a) of this section shall be two years, and the term of the other 19 member appointed under (a) of this section shall be four years.