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--- version:HB 184+++ version:(document, no version)@@ -1,387 +1,36 @@- The Alaska State Legislature+Representative Andi Story+Alaska State Legislature+Contact+Alaska State Capitol+120 4th St Juneau, AK 99801- menu+907-465-3744+rep.andi.story@akleg.gov- Home+Sectional Analysis+House Bill 184 Version A+(34-LS0855\A)+April 17, 2025- Senate+“An Act relating to the Alaska Industrial Development and Export Authority;+and relating to workforce housing development projects.”- Current Members+Section 1: Adds a new subsection 7 to AS 44.88.070 which states the purpose of the authority.+Providing means of financing and facilitating the financing of construction of new workforce+housing facilities with five or more units will now be part of the mission of AIDEA.- Past Members+Section 2: Adds a new subsection 33 to AS 44.88.080 stating the powers of the authority. One of+the powers of AIDEA will now be to provide means of financing and facilitating the financing of+construction of new workforce housing facilities with five or more units.- By Session+Section 3: Extends the definition of “development project” under AS 44.88.900(6) to include+workforce housing facilities with five or more dwelling units, as defined in the new subsection J+of AS 44.88.900(13).- Alphabetical+Section 4: Adds a new subsection J to include workforce housing in the meaning of “project”+under AS 44.88.900(13).- House-- Current Members-- Past Members-- By Session-- Alphabetical-- Bills & Laws-- Bills-- All Introduced-- Actions by Date-- Awaiting Actions-- Bills sent to Conf Committee-- Bills in Committee-- Governor's Vetoes-- Passed Legislation-- Prefile Bill Summary-- Requestor Summary-- Statistics-- Sponsor Summary-- Subject Summary-- Laws-- Constitution-- Constitutional Convention Files-- Statutes-- Executive Orders - Current-- Executive Orders - Historical-- Administrative Code-- Journals-- Session Laws & Resolves-- Session Laws & Resolves 2025-- Session Laws & Resolves 2026-- 1981 - Previous Year Session Law-- 1983 - Previous Year Legislative Resolves-- Tools-- Statute Information Retrieval System-- Bill Tracking Management Facility-- Past Legislatures (Archives)-- Committees-- Hearing Schedule-- Standing Committees-- Finance Committees-- Special Committees-- Joint Committees-- Conference Committees-- Other Committees-- Minutes-- Publications-- Get Started-- Information Offices-- Legislative Affairs-- Legislative Agencies-- Links-- Legislative Branch-- Executive Branch-- Judicial Branch-- Alaska Delegation--Home--Bill & Laws--Bills--HB 184 Detail--FullText-- txt--HB 184: "An Act relating to the Alaska Industrial Development and Export Authority; and relating to workforce housing development projects."--00 HOUSE BILL NO. 184-01 "An Act relating to the Alaska Industrial Development and Export Authority; and-02 relating to workforce housing development projects."-03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:-04 * Section 1. AS 44.88.070 is amended to read:-05 Sec. 44.88.070. Purpose of the authority. The purpose of the authority is to-06 promote, develop, and advance the general prosperity and economic welfare of the-07 people of the state, to relieve problems of unemployment, and to create additional-08 employment by-09 (1) providing various means of financing and means of facilitating the-10 financing, in cooperation with federal, state, and private institutions, of industrial,-11 manufacturing, energy, export, small business, and business enterprises and the other-12 facilities referred to in AS 44.88.010(a) in the state;-13 (2) owning and operating or providing development project financing-14 for the enterprises and other facilities described in AS 44.88.172;--01 (3) fostering the expansion of exports of goods, services, and raw-02 materials of the state;-03 (4) cooperating and acting in conjunction with other organizations,-04 public and private, the objects of which are the promotion and advancement of export-05 trade activities in the state;-06 (5) establishing a source of funding credit guarantees and insurance,-07 not otherwise available, to support export development;-08 (6) providing and cooperating or participating with federal, state, and-09 private institutions to provide actual and potential state exporters, particularly small--10 and medium-sized exporters, with financial assistance in support of export-11 transactions;-12 (7) providing various means of financing and means of facilitating-13 the financing of construction of new workforce housing facilities containing five-14 or more dwelling units.-15 * Sec. 2. AS 44.88.080 is amended to read:-16 Sec. 44.88.080. Powers of the authority. In furtherance of its corporate-17 purposes, the authority has the following powers in addition to its other powers:-18 (1) to sue and be sued;-19 (2) to have a seal and alter it at pleasure;-20 (3) to make and alter bylaws for its organization and internal-21 management;-22 (4) to adopt regulations governing the exercise of its corporate powers;-23 (5) to acquire an interest in a project as necessary or appropriate to-24 provide financing for the project, whether by purchase, gift, or lease;-25 (6) to lease to others a project acquired by it for the rentals and upon-26 the terms and conditions the authority may consider advisable, including, without-27 limitation, provisions for options to purchase or renew;-28 (7) to issue bonds and otherwise to incur indebtedness, in accordance-29 with AS 44.88.090, in order to pay the cost of a project or development projects or in-30 order to provide money for the authority's purposes under this chapter; the authority-31 may also secure payment of the bonds or other indebtedness as provided in this--01 chapter;-02 (8) to sell, by installment sale or otherwise, exchange, donate, convey,-03 or encumber, in any manner by mortgage or by creation of any other security interest,-04 real or personal property owned by it, or in which it has an interest, including a-05 project, when, in the judgment of the authority, the action is in furtherance of its-06 corporate purposes;-07 (9) to accept gifts, grants, or loans from, and enter into contracts or-08 other transactions regarding them with, a federal agency, an agency or instrumentality-09 of the state, a municipality, a private organization, or other source;-10 (10) to deposit or invest its funds, subject to agreements with-11 bondholders;-12 (11) to enter into contracts or agreements with respect to the exercise-13 of any of its powers, and do all things necessary or convenient to carry out its-14 corporate purposes and exercise the powers granted in this chapter;-15 (12) to purchase or insure loans to finance the costs of manufacturing,-16 industrial, and business enterprise projects;-17 (13) to enter into loan agreements with respect to one or more projects-18 upon the terms and conditions the authority considers advisable;-19 (14) to acquire, manage, and operate projects as the authority considers-20 necessary or appropriate to serve a public purpose;-21 (15) to assist private lenders to make loans to finance the costs of-22 projects through loan commitments, short-term financing, or otherwise;-23 (16) to accept gifts, grants, or loans from a federal agency, from an-24 agency or instrumentality of the state or of a municipality, or from any other source;-25 (17) to enter into contracts or other transactions with a federal agency,-26 with an agency or instrumentality of the state or of a municipality, or with a private-27 organization or other entity consistent with the exercise of any power under this-28 chapter;-29 (18) to facilitate the expansion of a secondary market for the resale of-30 federally or commercially insured loans made to finance the costs of projects in the-31 state held by federal and state chartered financial institutions or by the Alaska--01 Commercial Fishing and Agriculture Bank;-02 (19) to charge fees or other forms of remuneration for the use or-03 possession of the projects described in (14) of this section in accordance with the-04 agreements described in (11) and (17) of this section, other agreements pertaining to-05 the projects, covenants, or representations made in bond documents pertaining to the-06 projects, or regulations of the authority pertaining to the projects;-07 (20) to participate with government or private industry in programs for-08 technical assistance, loans, technology, transfer, or other programs related to the-09 exportation of goods, services, or raw materials of the state with respect to its-10 financing activities;-11 (21) to provide export finance training for office staff and other-12 individuals involved in export finance assistance, including the training sessions that-13 may be provided by the United States Export-Import Bank or other organizations;-14 (22) to coordinate to the maximum extent possible its efforts to-15 promote the export of goods, services, and raw materials of the state with programs-16 and goals of the United States Export-Import Bank, the International Trade-17 Administration of the United States Department of Commerce, the Foreign Credit-18 Insurance Association, and other private and public programs designed to provide-19 export assistance and export-related financing;-20 (23) to guarantee loans related to qualified export transactions under-21 regulations adopted by the authority;-22 (24) to provide financing assistance, in cooperation with federal, state,-23 and private institutions, as provided in this chapter for small business enterprises;-24 (25) to make cooperative agreements with the Department of-25 Transportation and Public Facilities, acting on behalf of the international airports-26 revenue fund established under AS 37.15.430, to acquire, equip, operate, maintain,-27 construct, or install facilities that will enhance the competitiveness of the international-28 airports, including a cooperative agreement to lend amounts from the international-29 airports revenue fund to finance the development or improvement of utilities serving-30 the airports;-31 (26) to screen potential applicants for a new business incentive grant--01 and recommend the award of the grants under AS 45.81.020;-02 (27) to oversee the administration of outstanding grants awarded by the-03 Alaska Science and Technology Foundation under former AS 37.17.010 - 37.17.110;-04 (28) to oversee the administration of outstanding BIDCO assistance-05 grants and loans made by the Alaska Science and Technology Foundation under-06 former AS 37.17.200 - 37.17.390;-07 (29) to guarantee loans made to the Alaska Insurance Guaranty-08 Association (AS 21.80.040), with these guarantees limited to loans necessary to make-09 the association financially able to meet cash flow needs up to a maximum outstanding-10 principal balance at any time of $30,000,000;-11 (30) with legislative approval and notwithstanding AS 44.88.060, to-12 purchase from the Alaska Energy Authority as an investment of the revolving fund,-13 loans of the power project fund established under AS 42.45.010;-14 (31) to consider, when exercising the powers listed in this section, the-15 interests of local governments affected by the authority's activities to share in the-16 benefits of these activities, with appropriate consideration of the authority's ability to-17 meet debt obligations, issue new debt, and fulfill the authority's purposes;-18 (32) to provide development project financing for all or a portion of-19 the cost of a development project as provided in AS 44.88.172;-20 (33) to provide various means of financing and means of-21 facilitating the financing of construction of new workforce housing facilities-22 containing five or more dwelling units.-23 * Sec. 3. AS 44.88.900(6) is amended to read:-24 (6) "development project" has the meaning given to "project" in-25 (14)(A), [AND] (D) - (H), and (J) of this section;-26 * Sec. 4. AS 44.88.900(14) is amended to read:-27 (14) "project" means-28 (A) a plant or facility used or intended for use in connection-29 with making, processing, preparing, transporting, or producing in any manner,-30 goods, products, or substances of any kind or nature or in connection with-31 developing or utilizing a natural resource, or extracting, smelting, transporting,--01 converting, assembling, or producing in any manner, minerals, raw materials,-02 chemicals, compounds, alloys, fibers, commodities and materials, products, or-03 substances of any kind or nature;-04 (B) a plant or facility used or intended for use in connection-05 with a business enterprise;-06 (C) commercial activity by a business enterprise;-07 (D) a plant or facility demonstrating technological advances of-08 new methods and procedures and prototype commercial applications for the-09 exploration, development, production, transportation, conversion, and use of-10 energy resources;-11 (E) infrastructure for a new tourism destination facility or for-12 the expansion of a tourism destination facility; in this subparagraph, "tourism-13 destination facility" does not include a hotel or other overnight lodging facility;-14 (F) a plant or facility, other than a plant or facility described in-15 (D) of this paragraph, for the generation, transmission, development,-16 transportation, conversion, or use of energy resources;-17 (G) a plant or facility that enhances, provides for, or promotes-18 economic development with respect to transportation, communications,-19 community public purposes, technical innovations, prototype commercial-20 applications of intellectual property, or research;-21 (H) a plant or facility used or intended for use as a federal-22 facility, including a United States military, national guard, or coast guard-23 facility;-24 (I) infrastructure for an area that is designated as a military-25 facility zone under AS 26.30;-26 (J) a new workforce housing facility containing five or more-27 dwelling units;-28 * Sec. 5. AS 44.88.900 is amended by adding a new paragraph to read:-29 (22) "workforce housing" means residential housing that costs the-30 occupants less than 30 percent of the income of a household with 120 percent of the-31 median family income, as determined by the United States Department of Housing and--01 Urban Development, for the location where the housing is constructed.--Welcome to-The Alaska State Legislature--This web site is the place to track bills, locate and contact your legislators, and access committee information. Questions? Try our help wizard or call 907-465-4648.--SMS Bill Tracking-- Text a bill number (ex: HB1) to 559-245-2529 to enroll in text alerts. 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