The proposed bill, known as the AIDEA Accountability Act, amends various sections of the Alaska Industrial Development and Export Authority (AIDEA) regulations 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 terms for public members will now be staggered three-year terms instead of two-year terms at the governor's pleasure. Additionally, the bill mandates that the authority adopt regulations establishing a personnel policy, including minimum qualifications for the executive director, and requires public notice and justification for regulatory changes.

Further provisions in the bill impose limits on the aggregate value of AIDEA's funds and accounts, set thresholds for project oversight, and require legislative approval for significant expenditures. The authority must also compile and publicly share documents summarizing the economic, social, and environmental impacts of projects exceeding $10 million. Other amendments include the requirement for the authority to obtain written approval from the attorney general before filing lawsuits and to publish annual reports detailing its activities and financial status. The bill is set to take effect on January 1, 2027.

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