00SENATE BILL NO. 171                                                                                                     
01 "An Act relating to the contracting and financing authority of the Alaska                                               
02 Industrial Development and Export Authority, giving approval of the issuance of                                         
03 the authority's revenue bonds, and delaying the termination date of the authority's                                     
04 business assistance program; and providing for an effective date."                                                      
05 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
06    * Section 1.  (a)  The Alaska Industrial Development and Export Authority may issue bonds                            
07 to finance the acquisition, design, and construction of public use aircraft fueling facilities                          
08 located at the Anchorage International Airport, to be owned by the authority.  The principal                            
09 amount of the bonds may not exceed $40,000,000.                                                                         
10  (b)  For purposes of determining the applicability of AS 36.30.850(b), a contract                                      
11 entered into by the Alaska Industrial Development and Export Authority that relates to the                              
12 project described in (a) of this section and that is to be paid from the proceeds of the revenue                        
13 bonds issued under (a) of this section is a "contract relating to airports."                                            
14  (c)  Subsection (a) of this section grants the legislative approval required by                                        

01 AS 44.88.095(g).                                                                                                        
02    * Sec. 2.  Section 4, ch. 162, SLA 1988, as amended by sec. 4, ch. 25, SLA 1991, is                                  
03 amended to read:                                                                                                        
04  Sec. 4.  AS 44.88.500 - 44.88.599 are repealed July 1, 1996 [1993].                                                 
05    * Sec. 3.  This Act takes effect immediately under AS 01.10.070(c).