An Act relating to loans made from the bulk fuel loan account; and providing for an effective date.
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Progress
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- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill modifies the maximum loan amounts available from Alaska’s bulk fuel loan account and bridge loan account. Specifically, it increases the maximum loan amount for individual borrowers to $1,500,000, with a potential increase for cooperative corporations purchasing fuel for multiple communities. The bill also outlines a process for the legislature to provide additional funding to the revolving loan fund if existing funds are insufficient to meet loan demands.
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Sponsors
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1 on record
Primary sponsor
House Finance
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