HB 388: An Act relating to loans made from the bulk fuel loan account; and providing for an effective date. - Alaska

Enrolled HB 388 → HB 388 · 2 edits

MINOR

The bill removes a section that authorized the legislature to appropriate additional funds to the bulk fuel revolving loan fund for fiscal years 2026 and 2027 when existing balances were insufficient to make loans. The remaining provisions (raising individual loan limits from $750,000 to $1,500,000) are unchanged. This means borrowers may no longer count on a legislative backstop to replenish the fund if it runs dry.

FISCAL

Removed Section 3, which allowed the legislature to appropriate additional money to the bulk fuel revolving loan fund for fiscal years ending June 30, 2026 and June 30, 2027, if the unexpended balance was insufficient to make a loan to an eligible borrower. It also included a mechanism for repaying those appropriations (plus interest) back to the original funding source.

TECHNICAL

The document changed from an enrolled bill format (with chapter number placeholder and 'LAWS OF ALASKA 2026' header) to a House Finance Committee print format (HB0388a), indicating it is now in committee consideration rather than final enrollment.

CSHB 388(FIN) → Enrolled HB 388 · 3 edits · Jul 3, 2026

MINOR

The bill was finalized and enrolled as official law, changing the header from a draft committee version to the final enacted text. The substantive policy content regarding loan limits, repayment terms, and funding appropriations remains identical to the previous draft version.

Scope change

The bill's scope and applicability are unchanged; it continues to regulate loans from the bulk fuel loan account and bridge loan account with the same criteria as the draft.

TECHNICAL

The document header was updated to reflect the final enacted status, replacing draft committee markings with the official 'LAWS OF ALASKA 2026' and 'Enrolled HB 388' titles.

Draft-specific metadata, including the committee source label and internal tracking codes, were removed as the bill is no longer in committee.

The official title and description of the act were added to the front page to formally identify the legislation.

HB 388 → CSHB 388(FIN) · 3 edits

MINOR

The bill was finalized and moved from the House Finance Committee to the Rules Committee. The core policy changes include increasing the maximum loan limit for cooperative corporations to $1.5 million (up from $750,000) and adding a new provision allowing the legislature to appropriate funds to the bulk fuel revolving loan fund if the existing balance is insufficient to make eligible loans.

Scope change

The bill's scope was expanded by adding a new section that authorizes the legislature to appropriate money to the bulk fuel revolving loan fund when the current balance is not enough to fund new loans, ensuring the program can continue operating.

FISCAL

Added a new section authorizing the legislature to appropriate funds to the bulk fuel revolving loan fund if the unexpended balance is insufficient to make loans to eligible borrowers.

ELIGIBILITY

Increased the maximum loan limit for cooperative corporations from $750,000 to $1,500,000.

TECHNICAL

Updated bill metadata to reflect the final version (CSHB 388(FIN)) and changed the committee referral from Finance to Rules.

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

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