CSHB 533(L&C): "An Act relating to the board of directors of the Alaska Aerospace Development Corporation."
00CS FOR HOUSE BILL NO. 533(L&C) 01 "An Act relating to the board of directors of the Alaska Aerospace 02 Development 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 powers and responsibilities of the corporation are vested in the 06 board of directors. The board of directors of the corporation consists of nine 07 members appointed by the governor as follows: 08 (1) two state residents who have recently held or are currently 09 holding positions in a private corporation as president, vice-president, chief 10 financial officer, or chief operating officer, or a position of comparable 11 responsibility [ONE MEMBER OF THE BOARD OF REGENTS OF THE 12 UNIVERSITY OF ALASKA]; 13 (2) the president or the designee of the president of the University of 14 Alaska;
01 (3) the director of the Geophysical Institute of the University of Alaska; 02 (4) [THE EXECUTIVE DIRECTOR OF THE ALASKA SCIENCE 03 AND TECHNOLOGY FOUNDATION; 04 (5)] the commissioner of commerce and economic development or the 05 commissioner's designee; and 06 (5) four members who have held or currently hold positions in the 07 aerospace or commercial space industry with special experience regarding federal 08 regulatory procedures and policies involving space or operational experience 09 [(6) TWO MEMBERS WHO HAVE EXPERIENCE AND 10 UNDERSTANDING OF THE AEROSPACE OR COMMERCIAL SPACE 11 INDUSTRY, ONE OF WHOM SHALL HAVE A SPECIAL EMPHASIS IN 12 FEDERAL REGULATORY PROCEDURES AND POLICY INVOLVING SPACE; 13 (7) ONE FACULTY MEMBER OF THE UNIVERSITY OF ALASKA 14 WITH RESEARCH INTERESTS INVOLVING ROCKETS OR SATELLITES; 15 (8) A PUBLIC MEMBER]. 16 * Sec. 2. AS 14.40.826(b) is amended to read: 17 (b) The members of the board of directors of the corporation described in 18 (a)(5) [(a)(6)] of this section may be nonresidents of the state. The term of the 19 members described in (a)(1) and (5) [(a)(1), (6), (7), AND (8)] of this section is four 20 years and those terms shall be staggered. 21 * Sec. 3. AS 14.40.826(c) is amended to read: 22 (c) Members of the board of directors of the corporation described in (a)(1) 23 and (5) [(a)(6) AND (8)] of this section receive $100 compensation for each day spent 24 on official business of the corporation. 25 * Sec. 4. AS 14.40.831 is amended to read: 26 Sec. 14.40.831. CHAIR AND VICE-CHAIR. The board of directors of the 27 corporation shall select a chair and vice-chair from among the members 28 [PRESIDENT OF THE UNIVERSITY OF ALASKA OR THE DESIGNEE OF THE 29 PRESIDENT SHALL BE THE CHAIR OF THE BOARD OF DIRECTORS OF THE 30 CORPORATION. THE COMMISSIONER OF COMMERCE AND ECONOMIC 31 DEVELOPMENT OR THE DESIGNEE OF THE COMMISSIONER SHALL BE
01 VICE-CHAIR] of the board of directors of the corporation. The vice-chair presides 02 over all meetings in the absence of the chair and has other duties the board of directors 03 of the corporation may direct. 04 * Sec. 5. TRANSITIONAL PROVISION. Notwithstanding AS 14.40.826, as amended by 05 this Act, persons serving on the board of directors of the Alaska Aerospace Development 06 Corporation on the day before the effective date of this Act may continue to serve on the 07 board until their current terms expire or until they are replaced by the governor under this Act, 08 whichever is earlier.