HB 533: "An Act relating to the board of directors of the Alaska Aerospace Development Corporation."
00HOUSE BILL NO. 533 01 "An Act relating to the board of directors of the Alaska Aerospace Development 02 Corporation." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 14.40.826(a) is amended to read: 05 (a) The board of directors of the corporation consists of nine members 06 appointed by the governor as follows: 07 (1) the executive director of the Alaska Industrial Development and 08 Export Authority or the director's designee [ONE MEMBER OF THE BOARD OF 09 REGENTS OF THE UNIVERSITY OF ALASKA]; 10 (2) the president or the designee of the president of the University of 11 Alaska; 12 (3) two members who are state residents who have experience in 13 and understanding of economic development from a business perspective based 14 on their previous participation in private enterprise either as employees or as
01 employers; one person appointed under this paragraph shall have special 02 expertise in marketing analysis and development, and the other person shall have 03 special expertise in business development [THE DIRECTOR OF THE 04 GEOPHYSICAL INSTITUTE OF THE UNIVERSITY OF ALASKA]; 05 (4) the executive director of the Alaska Science and Technology 06 Foundation; 07 (5) the commissioner of commerce and economic development or the 08 commissioner's designee; 09 (6) two members who have experience and understanding of the 10 aerospace or commercial space industry, one of whom shall have a special emphasis 11 in federal regulatory procedures and policy involving space; and 12 (7) [ONE FACULTY MEMBER OF THE UNIVERSITY OF ALASKA 13 WITH RESEARCH INTERESTS INVOLVING ROCKETS OR SATELLITES; 14 (8)] a public member. 15 * Sec. 2. AS 14.40.826(b) is amended to read: 16 (b) The members of the board of directors of the corporation described in 17 (a)(6) of this section may be nonresidents of the state. The term of the members 18 described in (a)(3), (6), and (7) [(a)(1), (6), (7), AND (8)] of this section is four years 19 and those terms shall be staggered. 20 * Sec. 3. AS 14.40.826(c) is amended to read: 21 (c) Members of the board of directors of the corporation described in (a)(3), 22 (6), and (7) [(a)(6) AND (8)] of this section receive $100 compensation for each day 23 spent on official business of the corporation. 24 * Sec. 4. TRANSITIONAL PROVISION. Notwithstanding AS 14.40.826, as amended by 25 this Act, persons serving on the board of directors of the Alaska Aerospace Development 26 Corporation on the day before the effective date of this Act may continue to serve on the 27 board until their current terms expire or until they are replaced by the governor under this Act, 28 whichever is earlier.