- Associated Press - Thursday, March 10, 2016

JUNEAU, Alaska (AP) - Alaska Gov. Bill Walker has directed three state-backed agencies to look for ways they can work more efficiently, including areas where they could consolidate.

Ultimately, this could mean the agencies themselves could consolidate, state officials said at a news conference Thursday.

The Alaska Housing Finance Corporation, Alaska Energy Authority and Alaska Industrial Development and Export Authority have a combined $3.2 billion in net assets and employ about 440 people, according to the governor’s office.

While he did not specify what kind of changes he was looking for, Walker said he anticipated statutory revisions would be needed as part of the process and that those changes would be available for the next legislative session.

“At the end of the process, we can’t say what it’s going to look like with the three agencies, although I know that whatever is done, because of the process that we’re using, Alaska will be better off as a result of that,” he said.



Sheldon Fisher, commissioner of the Department of Administration, is leading the investigation into the three agency’s operations.

Fisher said the investigations had no predetermined outcomes and that the agencies would partner to develop an economic development plan for the entire state.

The housing finance corporation provides loans to public housing programs, funds energy efficiency and weatherization programs, senior housing and professional development programs. The energy authority leads statewide energy policy and program development. It owns the Bradley Lake Hydroelectric project and Alaska Intertie transmission line. The development and export authority finances business and industry in the state.

Walker said he did not anticipate any interruption to current projects and contracts carried out by the three agencies, nor did he believe there would be disruptions in the issuance of new loans.

“At the end of the process, we can’t say what it’s going to look like with the three agencies, although I know that whatever is done, because of the process that we’re using, Alaska will be better off as a result of that,” Walker said.

Walker said he wants a report of recommendations from the three agencies ahead of the next legislative session.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide