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AlaskaHB 38834th Legislature (2025-2026)House

BULK FUEL LOAN CAP

Sponsored By: HOUSE FINANCE

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Higher fuel loan limits for communities

Alaska raises the bulk fuel loan cap per borrower from $750,000 to $1.5 million. The bridge loan cap also rises from $750,000 to $1.5 million per borrower per fiscal year. Qualifying cooperative corporations and electric cooperatives buying fuel for multiple communities have a separate cap: $1.5 million times the number of communities, but no more than $1.8 million total. Loans must be repaid within one year of disbursement, and the division can add terms and conditions. The law takes effect immediately, and these rules cover both existing loans and loans entered into on or after that date.

Temporary funding authority for community fuel loans

For fiscal years ending June 30, 2026, and June 30, 2027, Alaska lawmakers can add money to the Bulk Fuel Revolving Loan Fund. This authority applies when the fund's unspent and uncommitted money cannot cover an eligible loan under the loan limits. Lawmakers can provide the amount needed for that loan; the law sets no fixed funding amount. They can return the same amount, plus applicable interest, from the fund to the original funding source. The law states their intent to do so as soon as practical after the borrower repays.

Sponsors & Cosponsors

Sponsor

  • HOUSE FINANCE

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. (H) EFFECTIVE DATE(S) OF LAW 7/3/26

    7/3/2026House

  2. (H) LAW W/O GOVERNOR SIGNATURE 6/30 CHAPTER 47 SLA 26

    7/3/2026House

  3. (H) 3:10 P.M. 6/15/26 TRANSMITTED TO GOVERNOR

    6/17/2026House

  4. (S) VERSION: CSHB 388(FIN)

    5/20/2026Senate

  5. (S) RETURN TO (H), TRANSMIT TO GOVERNOR NEXT

    5/20/2026Senate

  6. (S) EFFECTIVE DATE(S) SAME AS PASSAGE

    5/20/2026Senate

  7. (S) PASSED Y20 N-

    5/20/2026Senate

  8. (S) READ THE THIRD TIME CSHB 388(FIN)

    5/20/2026Senate

  9. (S) ADVANCED TO THIRD READING UC

    5/20/2026Senate

  10. (S) READ THE SECOND TIME

    5/20/2026Senate

  11. (S) RULES TO CALENDAR 5/20/2026

    5/20/2026Senate

  12. (S) FN2: INDETERMINATE(H.FIN/FUND TRANSFERS)

    5/17/2026Senate

  13. (S) FN1: ZERO(CED)

    5/17/2026Senate

  14. (S) NR: KAUFMAN, MERRICK

    5/17/2026Senate

  15. (S) DP: OLSON, STEDMAN, HOFFMAN, CRONK, KIEHL

    5/17/2026Senate

  16. (S) FIN RPT 5DP 2NR

    5/17/2026Senate

  17. (S) Moved CSHB 388(FIN) Out of Committee -- Please Note Time Change --

    5/16/2026Senate

  18. (S) FINANCE at 09:00 AM SENATE FINANCE 532

    5/16/2026Senate

  19. Audio/Video

    5/16/2026House

  20. (S) Minutes (SFIN)

    5/14/2026Senate

  21. (S) Heard & Held -- Please Note Time Change --

    5/14/2026Senate

  22. (S) FINANCE at 01:30 PM SENATE FINANCE 532

    5/14/2026Senate

  23. (S) FIN

    5/14/2026Senate

  24. (S) READ THE FIRST TIME - REFERRALS

    5/14/2026Senate

  25. Audio/Video

    5/14/2026House

Bill Text

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