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SCS HB 209(FIN): "An Act amending the size of grants for which the Alaska Science and Technology Foundation must allocate at least 50 percent of endowment income and amending the maximum amount of the grant that the Alaska Science and Technology Foundation may award for development of the Kodiak launch complex and Fairbanks satellite ground station space park; and providing for an effective date." 

00SENATE CS FOR HOUSE BILL NO. 209(FIN)                                                                                 
01 "An Act amending the size of grants for which the Alaska Science and                                                    
02 Technology Foundation must allocate at least 50 percent of endowment income and                                         
03 amending the maximum amount of the grant that the Alaska Science and                                                    
04 Technology Foundation may award for development of the Kodiak launch complex                                            
05 and Fairbanks satellite ground station space park; and providing for an effective                                       
06 date."                                                                                                                  
07 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
08    * Section 1.  AS 37.17.090(d) is amended to read:                                                                  
09  (d)  Except for grants awarded under (k) of this section and under                                                    
10 AS 37.17.225, not less than 50 percent of the endowment income that is distributed                                      
11 to grantees by the foundation in a fiscal year must be for grant payments in that fiscal                                
12 year of  $200,000  [$100,000] or less, exclusive of other funding.                                                    
13    * Sec. 2.  AS 37.17.090(k) is amended to read:                                                                     
14  (k)  Subject to appropriation, the board may award the following grants:                                              



01   (1)  up to  $11,000,000  [$5,000,000] to the Alaska Industrial                                                     
02 Development and Export Authority or the Alaska Aerospace Development Corporation                                        
03 for the development of the Kodiak launch complex and Fairbanks satellite ground                                         
04 station space park;                                                                                                     
05   (2)  up to $4,000,000 to the Alaska Industrial Development and Export                                                
06 Authority or to another entity satisfying criteria established by the board for research,                               
07 development, and commercialization of low-rank coal water fuel technology.                                              
08    * Sec. 3.  This Act takes effect July 1, 1999.