Alaska legislation · 34th Legislature
Alaska SB264: REPEALING HOUSING FUNDS & ACCOUNTS
Status: In committee, March 13, 2026
An Act relating to the housing assistance loan program; repealing the home ownership assistance fund; repealing the operating loss reserve account; repealing the restricted title loss reserve account; and providing for an effective date.
What the bill says
An act ENTITLED "An Act relating to the housing assistance loan program; repealing the home ownership assistance fund; repealing the operating loss reserve account; repealing the restricted title loss reserve account; and providing for an effective date.".
From the introduced text:
AN ACT ENTITLED "An Act relating to the housing assistance loan program; repealing the home ownership assistance fund; repealing the operating loss reserve account; repealing the restricted title loss reserve account; and providing for an effective date." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: * Section 1. AS 18.56.440 is amended to read: Sec. 18.56.440. Limitations on use of housing assistance loan program. The housing assistance loan program may not be used to (1) originate a direct loan or purchase or participate in the purchase of a small community housing mortgage loan that exceeds the limitations on mortgage loans purchased by the Federal National Mortgage Association as to principal amount or loan-to-value ratio; (2) originate a direct loan or purchase or participate in the purchase of a loan made for building materials for small community housing (A) that exceeds $45,000 or exceeds SB0264A -1- SB New Text Underlined [DELETED TEXT BRACKETED] 34-LS1437\N (i) 80 percent of the appraised value of the work completed on the small community housing for which the loan is made if the small community housing is pledged as collateral for the loan; or (ii) 90 percent of the value of other property that is pledged as security for the loan and that is satisfactory to the corporation as collateral; (B) unless the …
Sponsors
- James Kaufman (R, HD-028) · primary sponsor
Latest actions
- : (S) REFERRED TO FINANCE
- : (S) FN1: ZERO(REV)
- : (S) NR: DUNBAR, YUNDT
- : (S) DP: BJORKMAN, GRAY-JACKSON
- : (S) L&C RPT 2DP 2NR
- : (S) Minutes (SL&C)
- : (S) Moved SB 264 Out of Committee
- : (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)
- : (S) Minutes (SL&C)
- : (S) Heard & Held
Subjects: PUBLIC CORPORATIONS, HOUSING, FUNDS, PUBLIC ASSISTANCE
Common questions
- What is SB264?
- SB264 is a bill in the Alaska Legislature (34th Legislature): REPEALING HOUSING FUNDS & ACCOUNTS.
- What does SB264 do?
- In its own words: An act ENTITLED "An Act relating to the housing assistance loan program; repealing the home ownership assistance fund; repealing the operating loss reserve account; repealing the restricted title loss reserve account; and providing for an effective date.".
- What is the status of SB264?
- In committee as of March 13, 2026. Latest action: (S) REFERRED TO FINANCE (March 13, 2026).
- Who sponsored SB264?
- James Kaufman (R, HD-028).
- Where is the official record for SB264?
- On the Alaska Legislature website: https://www.akleg.gov/basis/Bill/Detail/34?Root=SB 264
Source: official Alaska record. Tracked by Delilah, AI for legislation across all 50 states and Congress.