Governor Parnell to Sign Economic Development Bill in Skagway
May 5, 2011, Juneau, Alaska - Governor Sean Parnell will sign House Bill 119 tomorrow morning at the Skagway Ore Terminal.
HB 119 allows the Alaska Industrial Development and Export Authority (AIDEA) to invest in a corporation or LLC, which allows greater flexibility in its investment opportunities. AIDEA plans to use the provisions of this bill to finance a jack-up rig for the Cook Inlet. The bill also authorizes AIDEA to issue up to $65 million in bonds to expand and improve the Skagway Ore Terminal. HB 119 expands AIDEA's investment opportunities relating to communications, industrial roads, intellectual property and military installations.
Who: Governor Sean Parnell
What: Signing ceremony for HB 119
When: Friday, May 6, 9:45 a.m.
Where: Skagway Ore Terminal
Contact: Sharon Leighow (907) 240-7943