An Act establishing a term for serving as the chair of the Alaska Industrial Development and Export Authority.

This bill establishes a two-year term for the chair of the Alaska Industrial Development and Export Authority, requiring the position to be elected every two years from among the authority's members. It directly affects the authority's internal governance structure by standardizing the election cycle for its leadership. The bill does not create new policies or impact external stakeholders, as it solely modifies the selection process for the chair position. (Procedural bill; summary reflects only the defined change to governance rules.)