00                             SENATE BILL NO. 73                                                                          
01 "An Act relating to the authority of the Alaska Industrial Development and Export                                       
02 Authority to issue bonds; and providing for an effective date."                                                         
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 44.88.095(g) is amended to read:                                                                  
05            (g)  Before July 1, 2007 [2003], the authority may issue bonds in an amount                              
06       greater than $10,000,000 to assist in the financing of a development project under                                
07       AS 44.88.172 - 44.88.177 only with legislative approval.  Beginning July 1, 2007                              
08       [2003], and thereafter, without prior legislative approval, the authority may not issue                           
09       bonds, except refunding and conduit revenue bonds.                                                                
10    * Sec. 2.  This Act takes effect immediately under AS 01.10.070(c).