An Act relating to loans made from the bulk fuel loan account; 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 modifies the maximum loan amounts available from Alaska’s bulk fuel loan account and a separate bridge loan account. Specifically, it increases the loan cap for individual borrowers to $1,500,000, with a potential increase for cooperatives purchasing fuel on behalf of multiple communities. The bill also establishes repayment terms and clarifies that these changes apply to existing and new loans made after the law’s effective date. It ensures that these loan programs can continue to support fuel access in Alaska.
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1 on record
Primary sponsor
Senate Finance
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