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

Summary

The bill revises Alaska statutes to cap bulk fuel loans at $1.5 million per borrower (with higher caps for cooperatives serving multiple communities) and requires repayment within one year. It also caps bridge‑loan amounts at $1.5 million per borrower per fiscal year and adds a clause that the rules apply to loans made on or after the effective date. The changes take effect right away.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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