HOUSE BILL NO. 119                                                                                                            
                                                                                                                                
     "An  Act  relating  to  the  procurement  of  supplies,                                                                    
     services, professional  services, and  construction for                                                                    
     the   Alaska   Industrial    Development   and   Export                                                                    
     Authority; relating to the definition  of 'own' for the                                                                    
     economic   development   account;   relating   to   the                                                                    
     definitions   of    'development   project',   'plant',                                                                    
     'facility',  and 'project'  for  the Alaska  Industrial                                                                    
     Development and Export Authority;  and providing for an                                                                    
     effective date."                                                                                                           
                                                                                                                                
9:32:11 AM                                                                                                                    
                                                                                                                                
TED   LEONARD,   EXECUTIVE   DIRECTOR,   Alaska   Industrial                                                                    
Development  and  Export  Authority (AIDEA),  introduced  HB                                                                    
119. He  stated that  the legislation  would allow  AIDEA to                                                                    
create  its own  procurement  rules  under state  purchasing                                                                    
statutes,  as  well  as  allow AIDEA  to  partner  with  the                                                                    
private corporate  sector by allowing investment  in Limited                                                                    
Liability  Corporations  and  subsidiary  corporations.  The                                                                    
bill would also  expand the definition of  projects to allow                                                                    
for   investment  in   various  sectors   of  the   economy.                                                                    
Additionally, HB 119  would allow AIDEA to  bond for Skagway                                                                    
improvements up to $65 million.                                                                                                 
                                                                                                                                
MARK DAVIS, AIDEA, explained that  there had been amendments                                                                    
to the bill;  one by the Alaska  Housing Finance Corporation                                                                    
(AHFC) which permitted AHFC to  work with the private sector                                                                    
and make  use of federal  funds for low income  housing, the                                                                    
other  a provision  that  would allow  two  ports that  were                                                                    
owned  by housing  authorities to  apply  for Department  of                                                                    
Transportation grants.                                                                                                          
                                                                                                                                
9:33:28 AM                                                                                                                    
                                                                                                                                
Co-Chair Stedman discussed the two zero fiscal notes.                                                                           
                                                                                                                                
Co-Chair  Hoffman  MOVED  to  report   SCS  HB  119  out  of                                                                    
committee   with   individual    recommendations   and   the                                                                    
accompanying fiscal  notes. There being NO  OBJECTION it was                                                                    
so ordered.                                                                                                                     
                                                                                                                                
SCSHB 119  was REPORTED  out of committee  with a  "do pass"                                                                    
recommendation and  with a previously published  zero fiscal                                                                    
note  from  the  Department   of  Commerce,  Community,  and                                                                    
Economic  Development; and  new  zero fiscal  note from  the                                                                    
Senate  Finance Committee  for the  Department of  Commerce,                                                                    
Community, and Economic Development.