Alaska legislation · 34th Legislature
Alaska HB388: BULK FUEL LOAN CAP
Status: Chaptered, July 2, 2026
An Act relating to loans made from the bulk fuel loan account; and providing for an effective date.
What the bill says
From the introduced text:
LAWS OF ALASKA Source Chapter No. CSHB 388(FIN) _______ Relating to loans made from the bulk fuel loan account; and providing for an effective date. _______________ THE ACT FOLLOWS ON PAGE Enrolled HB Relating to loans made from the bulk fuel loan account; and providing for an effective date. _______________ * Section 1. AS 42.45.260(d) is amended to read: (d) Loans made from the bulk fuel loan account to one borrower (1) may not exceed $1,500,000 [$750,000] or, if the borrower is a cooperative corporation organized under AS 10.15 or an electric cooperative organized under AS 10.25 and uses the loan to purchase bulk fuel on behalf of more than one community, may not exceed $1,500,000 [$750,000] multiplied by the number of communities on whose behalf the bulk fuel is to be purchased [OR $1,800,000, WHICHEVER IS LESS]; (2) shall be repaid within one year after the date of the loan disbursement; and (3) may include additional terms and conditions required by the division. -1- Enrolled HB * Sec. 2. AS 42.45.270(c) is amended to read: (c) Loans made from the bulk fuel bridge loan account to one borrower in a fiscal year (1) may not exceed $1,500,000 [$750,000]; (2) shall be repaid within one year after the date of the loan disbursement; and (3) may include additional terms and …
Sponsors
- Finance, House (I) · primary sponsor
Latest actions
- : (H) EFFECTIVE DATE(S) OF LAW 7/3/26
- : (H) LAW W/O GOVERNOR SIGNATURE 6/30 CHAPTER 47 SLA 26
- : (H) 3:10 P.M. 6/15/26 TRANSMITTED TO GOVERNOR
- : (S) VERSION: CSHB 388(FIN)
- : (S) RETURN TO (H), TRANSMIT TO GOVERNOR NEXT
- : (S) EFFECTIVE DATE(S) SAME AS PASSAGE
- : (S) PASSED Y20 N-
- : (S) READ THE THIRD TIME CSHB 388(FIN)
- : (S) ADVANCED TO THIRD READING UC
- : (S) READ THE SECOND TIME
Votes
- PASSED (May 20, 2026): 20 yea, 0 nay, passed
- PASSED (May 13, 2026): 39 yea, 0 nay, passed
Subjects: UTILITIES, OIL & GAS, ENERGY, FUNDS, LOANS
Common questions
- What is HB388?
- HB388 is a bill in the Alaska Legislature (34th Legislature): BULK FUEL LOAN CAP.
- What does HB388 do?
- An Act relating to loans made from the bulk fuel loan account; and providing for an effective date.
- What is the status of HB388?
- Chaptered as of July 2, 2026. Latest action: (H) EFFECTIVE DATE(S) OF LAW 7/3/26 (July 3, 2026).
- Who sponsored HB388?
- Finance, House (I).
- Where is the official record for HB388?
- On the Alaska Legislature website: https://www.akleg.gov/basis/Bill/Detail/34?Root=HB 388
Source: official Alaska record. Tracked by Delilah, AI for legislation across all 50 states and Congress.