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AK SB84

Bill

Status

Introduced

1/26/2009

Primary Sponsor

Unknown

Origin

Senate

26th Legislature

AI Summary

  • Increases the Alaska Industrial Development and Export Authority's 12-month bond issuance limit from $300,000,000 to $400,000,000, excluding refunding and conduit revenue bonds.

  • Extends the deadline for legislative approval of bonds over $10,000,000 for development projects from July 1, 2007 to July 1, 2014.

  • Makes records and information confidential upon request if the applicant or borrower demonstrates adequate necessity, including income tax returns, financial statements, credit reports, trade secrets, appraisals, and market surveys.

  • Clarifies that confidential records and information are not public records under Alaska law and adds "trade secret" definition referencing AS 45.50.940.

  • Changes the statute heading from "Confidentiality of information" to "Confidentiality of records and information" and takes effect July 1, 2009.

Legislative Description

Aidea: Bonding Limits; Confidentiality

Public Corporations

Last Action

REFERRED TO FINANCE

2/27/2009

Committee Referrals

Finance2/27/2009
Labor & Commerce1/26/2009

Full Bill Text

No bill text available