HB 124 Alaska House · 34th Legislature (2025-2026)

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

HB 124 amends Alaska's Industrial Development and Export Authority (AIDEA) governance structure and regulatory processes. It reduces the number of public members on AIDEA's board from five to four, adds a dedicated environmental advocacy representative, and changes public members' terms to fixed two-year appointments (instead of staggered three-year terms). The bill also increases public notice requirements for regulations from 15 to 30 days and mandates written responses to public comments. These changes directly affect AIDEA's operations, its board composition, and public engagement with its regulatory decisions. The bill is titled the "AIDEA Accountability Act," reflecting its focus on procedural transparency.

Bill status failed 1 of 4 stages cleared

Introduction

Mar 2025

Committee Review

Floor Vote

Governor

Introduced Mar 5, 2025 Last action Mar 2, 2026

Maddy AI version diff · 1 comparison

What changed between versions

HB 124 → CSHB 124(STA) · 4 edits

MODERATE

The bill was reclassified as a committee substitute (CSHB 124) by the House State Affairs Committee, indicating it was amended before being offered to the full legislature. The most significant substantive change involves the composition of the Alaska Industrial Development and Export Authority, which now requires five public members with business expertise instead of four, while reducing the number of members representing environmental or legislative experience. Additionally, the funding oversight threshold was raised from $500 million to $100 million for projects requiring oversight, and public notice requirements for regulations were expanded to include internet publication and longer public comment periods.

Scope change

The bill's scope regarding authority membership eligibility was narrowed by removing specific categories for environmental advocates and former legislators, while increasing the requirement for private sector business expertise among public members.

ELIGIBILITY

The number of public members with business expertise on the Authority increased from four to five, while the specific seats for environmental advocates and former legislators were removed.

FISCAL

The monetary threshold triggering mandatory project oversight was reduced from $500 million to $100 million, subject to annual inflation adjustments.

REQUIREMENT

Requirements for public notice of proposed regulations were expanded to include posting notices and responses on the Authority's public website and allowing shorter individual speaking times to accommodate more public participation.

TIMELINE

The bill's effective date and introduction date were updated to reflect the new committee substitute status and later legislative session dates.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 18, 2026

Committee

(H) REFERRED TO FINANCE

lower

Feb 17, 2026

Lower · Passed

(H) Moved CSHB 124(STA) Out of Committee

lower

1 primary · 1 co-sponsor