AK HB124

AIDEA board membership expands from 7 to 9 members, adding one appointee each from the Senate President and House Speaker; governor-appointed public members now require legislative confirmation by majority vote in joint session

Public member terms change from two-year terms at the governor's pleasure to staggered three-year fixed terms

Projects exceeding $100,000,000 (adjusted annually for inflation) require independent feasibility studies approved by the Legislative Budget and Audit Committee, public hearings on economic/social/environmental effects, and formal Legislative Budget and Audit Committee approval

Legislature gains authority to appropriate 80% of AIDEA's income (loan interest, fees, investment earnings) for general purposes, with 20% retained by the authority

Public notice period for regulation changes increases from 15 to 30 days; authority records become presumptively public with legislators granted access to confidential information for legislative purposes; annual reports must include performance metrics on job creation and industry growth