00 Enrolled 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).