The Alaska Industrial Development and Export Authority did not identify specific projects or a timeline for spending
By James Brooks, Alaska BeaconAlaska Industrial Development and Export Authority in Midtown Anchorage.
On Friday night, the House Finance Committee removed the requested bonding authority from House Bill 122, which was originally written to allow the Alaska Railroad to borrow money. “AIDEA has definitely run into a public image problem,” said Rep. Neal Foster, D-Nome and co-chair of the House Finance Committee.
Some legislators, including Rep. Frank Tomaszewski, R-Fairbanks and author of HB 122, said they didn’t oppose the AIDEA amendment, but they were outvoted by members of the committee who said they needed more certainty about what the AIDEA money would buy.
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