An Act relating to the Department of Commerce, Community, and Economic Development; relating to the Alaska Commercial Fishing and Agriculture Bank; relating to certain loans made by the Alaska Commercial Fishing and Agriculture Bank; relating to certain commercial fishing loans; and providing for an effective date.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill proposed to allocate $3.69 million in state funds to the Alaska Commercial Fishing and Agriculture Bank to help it provide loans with lower interest rates to businesses in the commercial fishing and agriculture sectors. However, Governor Dunleavy vetoed the bill, citing concerns about using limited state resources to subsidize a private lender, particularly given current fiscal constraints. The bill aimed to support these industries through financial assistance, but the governor determined it wasn't a prudent use of funds at this time.
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Sponsors
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1 on record
Primary sponsor
Senate Rules by Request of Task Force Eval Alaska Seafood Industry
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