HB 90 Summary

• Exempts nonexclusive use agreements between the Alaska Industrial Development and Export Authority (AIDEA) and users of integrated transportation and port facilities from municipal taxation, limiting taxation to improvements used for lodging purposes only.

• Establishes a $400,000,000 limit on bonds that AIDEA may issue in any 12-month period, excluding refunding bonds.

• Removes the "before July 1, 2007" language regarding bond issuance authority, making permanent the restriction that bonds over $10,000,000 require legislative approval (excluding refunding bonds).

• Expands AIDEA's confidentiality protections for applicant records and information including financial statements, credit reports, trade secrets, appraisals, and market surveys when requested by the applicant and deemed confidential by the executive director.

• Changes the heading of AS 44.88.215 from "Confidentiality of information" to "Confidentiality of records and information" and adds "trade secret" definition referencing AS 45.50.940.