Alaska Stat. § 44.88.070
Purpose of the authority
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Sec. 44.88.070. Purpose of the authority.
The purpose of the authority is to promote, develop, and advance the general prosperity and economic welfare of the people of the state, to relieve problems of unemployment, and to create additional employment by
(1) providing various means of financing and means of facilitating the financing, in cooperation with federal, state, and private institutions, of industrial, manufacturing, energy, export, small business, and business enterprises and the other facilities referred to in AS 44.88.010(a) in the state;
(2) owning and operating or providing development project financing for the enterprises and other facilities described in AS 44.88.172;
(3) fostering the expansion of exports of goods, services, and raw materials of the state;
(4) cooperating and acting in conjunction with other organizations, public and private, the objects of which are the promotion and advancement of export trade activities in the state;
(5) establishing a source of funding credit guarantees and insurance, not otherwise available, to support export development;
(6) providing and cooperating or participating with federal, state, and private institutions to provide actual and potential state exporters, particularly small- and medium-sized exporters, with financial assistance in support of export transactions.
The purpose of the authority is to promote, develop, and advance the general prosperity and economic welfare of the people of the state, to relieve problems of unemployment, and to create additional employment by
(1) providing various means of financing and means of facilitating the financing, in cooperation with federal, state, and private institutions, of industrial, manufacturing, energy, export, small business, and business enterprises and the other facilities referred to in AS 44.88.010(a) in the state;
(2) owning and operating or providing development project financing for the enterprises and other facilities described in AS 44.88.172;
(3) fostering the expansion of exports of goods, services, and raw materials of the state;
(4) cooperating and acting in conjunction with other organizations, public and private, the objects of which are the promotion and advancement of export trade activities in the state;
(5) establishing a source of funding credit guarantees and insurance, not otherwise available, to support export development;
(6) providing and cooperating or participating with federal, state, and private institutions to provide actual and potential state exporters, particularly small- and medium-sized exporters, with financial assistance in support of export transactions.
Notes of Decisions
Cited in 2
cases (2 in the last 5 years), 2024–2024 · leading case: ALASKA INDUSTRIAL DEVELOPMENT AND EXPORT AUTHORITY v. U.S. DEPARTMENT OF THE INTERIOR
ALASKA INDUSTRIAL DEVELOPMENT AND EXPORT AUTHORITY v. U.S. DEPARTMENT OF THE INTERIOR (2024)
“But the AIDEA does not even purport to act on behalf of national interests—it acts exclusively “to promote, develop, and advance the general prosperity and economic welfare of the people of the state,” Alaska Stat. § 44.88.070 (emphasis added).”
Alaska Industrial Development and Export Authority v. U.S. Department of the Interior (2024)
“But the AIDEA does not even purport to act on behalf of national interests—it acts exclusively “to promote, develop, and advance the general prosperity and economic welfare of the people of the state,” Alaska Stat. § 44.88.070 (emphasis added).”
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