CSSB 207(FIN): "An Act relating to the membership on the board of directors of the Alaska Aerospace Development Corporation."

00 CS FOR SENATE BILL NO. 207(FIN) 01 "An Act relating to the membership on 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 board 06 of directors. The board of directors of the corporation consists of nine members 07 appointed by the governor as follows: 08 (1) three state residents who have a significant high level of experience 09 in the private business sector, specializing in financing or economic development or 10 marketing; two of the state residents appointed under this paragraph shall be 11 residents of the borough where the launch activities of the corporation occur if 12 qualified candidates residing in the borough are available; 13 (2) the president or the designee of the president of the University of 14 Alaska;

01 (3) the director or designee of the Geophysical Institute of the 02 University of Alaska; 03 (4) the commissioner of commerce, community, and economic 04 development or the commissioner's designee; 05 (5) two members who have held or currently hold positions in the 06 aerospace or commercial space industry or special experience regarding federal 07 regulatory procedures and policies involving space or operational experience; 08 members with aerospace experience may not exceed one; and 09 (6) a public school educator or a public member. 10 * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to 11 read: 12 TRANSITIONAL PROVISIONS: BOARD MEMBERS. (a) Notwithstanding 13 AS 14.40.826(a)(1), as amended by sec. 1 of this Act, a member of the board of directors of 14 the Alaska Aerospace Development Corporation on the effective date of this Act who was 15 appointed under AS 14.40.826(a)(1) may continue to hold the person's position, subject to 16 removal as provided by law, until the person's term expires.