The proposed bill, titled the AIDEA Accountability Act, amends various sections of the Alaska Industrial Development and Export Authority (AIDEA) statutes to enhance accountability and oversight. Key changes include the restructuring of the authority's membership, reducing the number of public members from five to four, while adding specific requirements for appointments, such as confirmation by the legislature and representation from an environmental advocacy organization. The bill also introduces staggered three-year terms for public members, mandates the authority to adopt personnel policies, and establishes a limit on the aggregate value of funds and accounts at $500 million.

Additionally, the bill outlines new procedures for project oversight, requiring the authority to conduct public hearings and compile reports on the economic, social, and environmental impacts of projects exceeding $10 million. It also stipulates that the authority must obtain written approval from the attorney general before filing lawsuits and enhances public transparency by requiring detailed annual reports to be submitted to the legislature. The act is set to take effect on January 1, 2027, and includes transitional provisions for current members of the authority.

Statutes affected:
HB0124A, AM HB 124, introduced 03/05/2025: 44.88.030, 44.88.050, 44.88.080, 44.88.225, 44.88.085, 44.88.088, 44.88.180, 44.88.205, 44.88.070, 44.88.200, 44.88.210, 44.88.215, 40.25.110, 40.25.220, 44.88.380