An Act relating to loans made from the bulk fuel loan account; and providing for an effective date.

Summary

The act limits loans from Alaska’s bulk fuel loan and bridge loan accounts to $1.5 million per borrower (with a multiplier for cooperatives) and requires those loans be repaid within one year of disbursement. It also lets the overseeing division add extra conditions. The new limits apply to any loan made after the law takes effect.

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