AK HB412

Requires four public members of the Alaska Permanent Fund Corporation Board of Trustees to be separately confirmed by a majority of the legislature in joint session.

Makes reappointment of public members to the Permanent Fund Corporation board subject to legislative confirmation by majority vote in joint session.

Requires the governor to fill board vacancies with confirmation by a majority of the legislature in joint session, with authority to appoint interim members if the legislature is not in session.

Requires five public members of the Alaska Industrial Development and Export Authority to be appointed by the governor and confirmed by a majority of the legislature in joint session.

Takes effect September 1, 2022, with grandfather provisions exempting current board members from new confirmation requirements until reappointment.