00Enrolled SB 207                                                                                                         
01 Relating to the membership on the board of directors of the Alaska Aerospace Development                                
02 Corporation.                                                                                                            
03                           _______________                                                                               
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 nine members                                  
07       appointed by the governor as follows:                                                                             
08                 (1)  three state residents who have a significant high level of experience                              
09       in the private business sector, specializing in financing or economic development or                              
10       marketing; two of the state residents appointed under this paragraph shall be                                 
11       residents of the borough where the launch activities of the corporation occur if                              
12       qualified candidates residing in the borough are available;                                                   
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       TRANSITIONAL PROVISIONS: BOARD MEMBERS. Notwithstanding                                                           
13 AS 14.40.826(a)(1), as amended by sec. 1 of this Act, a member of the board of directors of                             
14 the Alaska Aerospace Development Corporation on the effective date of this Act who was                                  
15 appointed under AS 14.40.826(a)(1) may continue to hold the person's position, subject to                               
16 removal as provided by law, until the person's term expires.