An Act relating to the Port of Southcentral Alaska; establishing the Port of Southcentral Alaska Authority to manage and operate the Port of Southcentral Alaska; and providing for an effective date.

HB 7 creates the Port of Southcentral Alaska Authority to manage and operate the port in Anchorage, including its seaport, rail, and industrial properties. The new authority, established as a separate public corporation under the Department of Commerce, will handle all financial and legal obligations for the port. It is governed by a board of 9 members: two state agency commissioners and seven public appointees with specific qualifications (including port management experience and regional representation from Anchorage and Matanuska-Susitna areas). The bill transfers responsibility for port operations from previous oversight to this new authority, making it an essential government function for managing state-owned port assets.