Bill > HB273

This bill makes several changes to existing laws related to commercial fishing loans and the Alaska Housing Finance Corporation (AHFC). Specifically, it: 1) Increases the maximum amount the Department of Fish and Game can refinance for commercial fishing vessel or gear purchases from $200,000 to $400,000. 2) Adjusts the interest rate on commercial fishing loans, allowing them to be set at the cost of funds to the state rather than a fixed maximum of 5.25% or 10.5% per year. 3) Authorizes AHFC to create a subsidiary to finance sustainable energy development projects, such as renewable energy, building efficiency, and clean transportation infrastructure. 4) Requires AHFC to prioritize sustainable energy projects that support energy efficiency and renewable energy for residential, commercial, and community facilities when managing this new subsidiary. 5) Allows AHFC to provide technical assistance to municipalities on building energy codes and efficiency standards, and to support or establish entities that provide financing for sustainable energy projects. The bill also includes various effective date provisions, with the changes to commercial fishing loan interest rates taking effect on July 1, 2027.

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Rules (H)

https://www.akleg.gov/basis/Bill/Detail/33?Root=HB273