As a result of current economic conditions, the housing market in Alaska is currently unstable, and in a state of decline. It is in the best interests of the people of Alaska, and necessary for efficient administration, that interagency policies and programs of the State of Alaska affecting the housing market be coordinated, and that the governor and legislature of the state be advised of current market conditions and policy options.

Therefore, I, Steve Cowper, Governor of the State of Alaska, under the authority granted by art. III, secs. 1, 23, and 24 of the Alaska Constitution and by AS 44.17.060 and AS 44.19.145(c), order the following:

Section 1. Creation and Composition.

The Housing Market Council is hereby created within the Departinent of Commerce and Economic Development, under the Alaska State Building Authority. The council consists of the commissioner of commerce and economic development and a representative of the Alaska State Building Authority, the Alaska Industrial Development Authority, the Alaska Housing Finance Corporation, and the Alaska Permanent Fund. Other members of the council may, from time to time, be appointed by me.

Section 2. Responsibilities.

The Housing Market Council shall coordinate interagency housing policy and shall advise myself and the legislature on Alaska housing market conditions and policy options for the State of Alaska. The council shall serve as a forum for all housing interests, including special consumers, owners, investors, and housing-industry-related entities.

Section 3. Administration.

The Housing Market Council shall maintain its own administrative structure but is not subject to the provisions of AS 37.07 (Executive Budget Act) or AS 39.25 (State Personnel Act). I will appoint a chief executive officer to serve at my pleasure. Subject to the availability of money, the chief executive officer may, with concurrence of a majority of the council, employ necessary personnel to conduct the business of the council.

Section 4. Funding.

The operations of the Housing Market Council will be funded by an initial contribution from the Alaska State Building Authority general funds previously pledged for payment to the State of Alaska. Similar contributions to the council will be made by the Alaska Industrial Development Authority, the Alaska Housing Finance Corporation, and the Alaska Permanent Fund, as members of the council and subscribers to its services.

Section 5. Annual Report.

The Housing Market Council shall submit an annual report to me and the legislature on the condition of the housing market in Alaska and on pertinent policy options available to the State of Alaska by January 1, 1988, and annually thereafter. The council is subject to an annual independent audit.

Section 6. Duration.

The Housing Market Council shall cease to exist no later than three years from the date of this order, unless it is extended by subsequent administrative order or legislation.

This order takes effect immediately.

DATED at Juneau, Alaska March 12, 1987.

By: S/S Steve Cowper            
Steve Cowper                    
Governor of the State of Alaska