00                        CS FOR HOUSE BILL NO. 71(FIN)                                                                    
01 "An Act requiring the Department of Commerce, Community, and Economic                                                   
02 Development to file an annual report to the legislature regarding statewide and regional                                
03 economic development projects and regional development organizations; extending the                                     
04 termination date of the Alaska regional economic assistance program; and providing for                                  
05 an effective date."                                                                                                     
06 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
07    * Section 1. AS 44.33.895 is amended by adding a new subsection to read:                                           
08            (f)  Not later than February 1 of each year, the department shall compile a                                  
09       report on statewide and regional economic development projects and on the activities                              
10       of regional development organizations that have received assistance under (a) of this                             
11       section or a grant under (b) of this section. The department shall notify the legislature                         
12       that the report is available. The report must include the information listed in                                   
13       paragraphs (1) - (3) of this subsection. To compile the report, the department shall                              
01       require each regional development organization to provide the following information                               
02       to the department on or before a date set by the department:                                                      
03                 (1)  an assistance and funding summary for the previous fiscal year that                                
04       includes                                                                                                          
05                      (A)  the assistance provided to the organization by the                                            
06            department, the amount and purposes of grants made to the organization by the                                
07            department, and a statement of any other funding received by the organization                                
08            from the state;                                                                                              
09                      (B)  the amount of federal funding and grants received by the                                      
10            organization; and                                                                                            
11                      (C)  the amounts and sources of private sector sponsorships;                                       
12                 (2)  an activity summary that includes                                                                  
13                      (A)  a summary of the meetings of the board of the regional                                        
14            development organization held during the past year, including the number of                                  
15            meetings and the date, location, and a brief description of the agenda of each                               
16            meeting;                                                                                                     
17                      (B)  a summary of economic development initiatives being                                           
18            undertaken and services being provided by the regional development                                           
19            organization at the time of the report;                                                                      
20                      (C)  a work plan containing goals, objectives, and strategies for                                  
21            addressing regional economic needs;                                                                          
22                      (D)  a summary of any comprehensive economic development                                           
23            strategy being implemented by the board at the time of the report; and                                       
24                      (E)  the status of projects funded by grants from the state or the                                 
25            federal government; and                                                                                      
26                 (3)  an economic development summary that includes                                                      
27                      (A)  potential projects identified by the board that may enhance                                   
28            economic development; and                                                                                    
29                      (B)  challenges to regional economic development identified by                                     
30            the board.                                                                                                 
31    * Sec. 2. Section 2, ch. 43, SLA 2000, as amended by sec. 1, ch. 110, SLA 2003, sec. 1, ch.                        
01 51, SLA 2005, and sec. 1, ch. 69, SLA 2008, is amended to read:                                                         
02            Sec. 2. AS 44.33.895 is repealed July 1, 2016 [2013].                                                    
03    * Sec. 3. The uncodified law of the State of Alaska is amended by adding a new section to                          
04 read:                                                                                                                   
05       TRANSITION. Notwithstanding AS 44.33.895(f), enacted by sec. 1 of this Act, the                                   
06 first report filed after the effective date of this Act shall include a funding summary for the                         
07 previous three fiscal years.                                                                                          
08    * Sec. 4. The uncodified law of the State of Alaska is amended by adding a new section to                          
09 read:                                                                                                                   
10       RETROACTIVITY. If sec. 1 of this Act takes effect on or after July 1, 2013, it is                                 
11 retroactive to July 1, 2013.                                                                                            
12    * Sec. 5. This Act takes effect immediately under AS 01.10.070(c).