Alaska2026Passed Legislature

HB124

AIDEA Accountability Act

Last scannedSep 10, 2026, 12:32 AM

In one sentence

This bill changes how the Alaska Industrial Development and Export Authority is run by adding new rules for its board members, public meetings, large projects over $100 million, and conflict-of-interest restrictions.

Adds two legislative appointees to the authority's board: one appointed by the Senate president and one by the House speaker, who must be former legislators or meet specific business qualifications.
Sets fixed three-year staggered terms for public members so they serve a set time instead of serving at the governor's pleasure.
Requires 30 days of advance notice before changing rules, including publishing notices in newspapers and holding hearings where anyone can speak for at least one minute.
Mandates that written comments on rule changes be published online with personal contact information removed.
Creates new checks for projects costing over $100 million (adjusted annually) requiring independent studies approved by the Legislative Budget and Audit Committee, public reports, hearings with state agencies, and committee approval before spending begins.
Adds conflict-of-interest rules preventing members from voting on deals where they or their immediate family have a financial stake.

The Alaska Industrial Development and Export Authority (AIDEA) board of directors
State agencies that must work with AIDEA for large project reviews, including the Departments of Fish and Game, Natural Resources, Environmental Conservation, and Labor and Workforce Development
Legislative leaders who will appoint two new members to the authority's board

The official text provided does not list a specific effective date, only stating the bill provides for one.
The source text cuts off mid-sentence regarding whether authority property counts as state land, leaving that rule incomplete in this excerpt.

Plain language

Authority: The Alaska Industrial Development and Export Authority (AIDEA), a state group that helps fund business projects.
Legislative Budget and Audit Committee: A legislative committee responsible for approving independent studies on large AIDEA projects.

Official record

Validated

AIDEA An Act relating to the Alaska Industrial Development and Export Authority; and providing for an effective date.

Official activity