Bill > HB388

This bill, titled "Bulk Fuel Loan Cap," proposes to increase the maximum loan amount available from the bulk fuel loan account and the bulk fuel bridge loan account. Specifically, it raises the cap for a single borrower from $750,000 to $1,500,000. For cooperative corporations that purchase bulk fuel on behalf of multiple communities, the bill also increases the per-community loan limit from $750,000 to $1,500,000, removing a previous overall cap that was the lesser of $1,800,000 or the calculated amount. These changes apply to existing loans and new loans entered into on or after the bill's effective date, which is immediate. The bill aims to provide greater financial flexibility for entities involved in bulk fuel procurement.