Legislature(2009 - 2010)
04/14/2010 05:02 PM Senate L&C
| Audio | Topic |
|---|---|
| Start | |
| HB363 | |
| SCR16 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
HB 363-AIDEA MEMBERSHIP
5:03:52 PM
CHAIR PASKVAN announced HB 363 to be up for consideration.
[Before the committee was CSHB 363(FIN), version P].
5:04:00 PM
ROB EARL, staff to Representative Bob Herron, Erin Harrington,
staff to Representative Alan Austerman, introduced themselves.
5:04:24 PM
SENATOR MEYER joined the committee.
MR. EARL said that the Alaska Industrial Development and Export
Authority (AIDEA) is a public development finance corporation
whose mission is to promote economic growth in Alaska by
providing various means of financing an investment. If fulfills
this mission by providing Alaskan businesses with long term
financing options at a reasonable cost. Each year 25-50 percent
of the return on its assets are redistributed back to the state
general fund as a dividend; this year it was $23 million.
He said the AIDEA board also serves as the Alaska Energy
Authority (AEA) Board. Currently there are five members on the
AIDEA Board: the commissioner of the Department of Revenue (DOR)
and Department of Commerce, Community and Economic Development
(DCCED). Those two commissioners are on it by statute. A third
discretionary commissioner is appointed by the Governor and
currently he is with the Department of Transportation and Public
Facilities (DOTPF); two public members are also appointed by the
Governor. This bill adds three more public members to the board
expanding it from five to seven members. HB 363 also stipulates
that public members must possess business and/or industry
expertise and leadership skills.
The reasons for expanding to a seven-member board are that it
would give AIDEA more flexibility in forming subcommittees,
which they have expressed a desire for, and increase the
potential for more diverse experience in specialties on the
board while also increasing the potential for broader geographic
and industry representation. It will also allow for the general
thrust of the bill, which is to create a preponderance of
private sector input in AIDEA's governance.
5:06:49 PM
MS. HARRINGTON added that this bill, like SCR 16, responds to a
need that was identified through the course of the Interim to be
more proactive about the state's resources for economic
development and to bring more private sector oversight and
guidance in to the way the state deploys its resources.
CHAIR PASKVAN asked if they knew of any opposition.
MR. EARL answered no; it passed the house with a vote of 40-0.
5:07:47 PM
TED LEONARD, Executive Director, AIDEA, said they supported HB
363. Getting a quorum is sometimes a problem during legislative
sessions and fishing seasons with a five-member board, he
explained. They also support having more private sector input;
it is necessary and important. He remarked that their
commissioners have given them very good advice.
5:09:16 PM
CHAIR PASKVAN, finding no further comments, closed public
testimony.
SENATOR MEYER moved to report HB 363 from committee with
individual recommendations and attached fiscal note(s). There
were no objections and it was so ordered. Therefore CSHB
363(FIN) moved from committee.
5:10:28 PM
CHAIR PASKVAN announced an at ease from 5:10-5:11 p.m.
| Document Name | Date/Time | Subjects |
|---|